RAC - Charts & Price Action, page-21377

CHatGDT (AI annalysis) Good for a laugh.
Oncology (ASX: RAC) is a biotechnology company focused on cancer treatment, with its lead product, bisantrene, being developed for various oncology indications. The company's stock has shown a mix of bullish and bearish signals in recent analyses.As of recent data, the share price was around 1.745 AUD, with predictions indicating a potential drop to 0.639 AUD, representing a significant decrease of about 63% over the next year. This suggests a bearish outlook for the stock in the near future [oai_citation:1,Race Oncology Ltd (RAC) Share Price Forecast & Price Target - Investing.com UK](https://uk.investing.com/equities/race-oncology-ltd-consensus-estimates) [oai_citation:2,Race Oncology Ltd, RAC:ASX forecasts - FT.com](https://markets.ft.com/data/equities/tearsheet/forecasts?s=RAC:ASX) [oai_citation:3,Race Oncology Stock Forecast: down to 0.639 AUD? - RAC Stock Price Prediction, Long-Term & Short-Term Share Revenue Prognosis with Smart Technical Analysis](https://walletinvestor.com/asx-stock-forecast/rac-stock-prediction).Technical analysis indicates that the stock might experience short-term fluctuations, with support levels at around 1.720 AUD and resistance levels at 1.800 AUD. The stock's moving averages also suggest a potential downward trend, with the 200-day moving average significantly lower than the current price, pointing to a bearish sentiment [oai_citation:4,Race Oncology Stock Forecast: down to 0.639 AUD? - RAC Stock Price Prediction, Long-Term & Short-Term Share Revenue Prognosis with Smart Technical Analysis](https://walletinvestor.com/asx-stock-forecast/rac-stock-prediction).Despite this, some analysts have given it a "Strong Buy" rating based on its recent performance and technical indicators, which could mean potential for short-term gains for risk-tolerant investors [oai_citation:5,Race Oncology Ltd (RAC) Share Price Forecast & Price Target - Investing.com UK](https://uk.investing.com/equities/race-oncology-ltd-consensus-estimates) [oai_citation:6,Race Oncology Ltd, RAC:ASX forecasts - FT.com](https://markets.ft.com/data/equities/tearsheet/forecasts?s=RAC:ASX).In summary, while Race Oncology has promising products in its pipeline, the share price projections are currently mixed, with a significant risk of decline. Investors should carefully consider these factors and perhaps look for other investment opportunities if they are risk-averse.