Natera Stock Forecast
Natera stock price down 2.29% on Friday
(Updated on Apr 19, 2024)
The Natera stock price fell by -2.29% on the last day (Friday, 19th Apr 2024) from $87.28 to $85.28. During the last trading day the stock fluctuated 4.89% from a day low at $83.13 to a day high of $87.20. The price has fallen in 7 of the last 10 days and is down by -11.86% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $210.55 million.
Given the current short-term trend, the stock is expected to rise 51.44% during the next 3 months and, with a 90% probability hold a price between $129.15 and $154.40 at the end of this 3-month period.
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NTRA Signals & Forecast
There are few to no technical positive signals at the moment. The Natera stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $90.69 and $91.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -12.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Natera stock
On the downside, the stock finds support just below today's level from accumulated volume at $76.55 and $76.16. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Natera finds support just below today's level at $76.55. If this is broken, then the next support from accumulated volume will be at $76.16 and $66.41.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.07 between high and low, or 4.89%. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTRA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Natera to open at $85.20, and during the day (based on 14 day Average True Range), to move between $82.01 and $88.55, which gives a possible trading interval of +/-$3.27 (+/-3.84%) up or down from last closing price. If Natera takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $86.49 (1.42%) than the support at $76.55 (10.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Natera stock A Buy?
The Natera stock holds several negative signals and despite the positive trend, we believe Natera will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.220 Sell Candidate Unchanged
Predicted Opening Price for Natera of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$85.20 ( 0.0919%) | $85.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTRA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 89.27 | 4.67 % | |
R2 | 87.71 | 2.85 % | ||
R1 | 86.75 | 1.73 % | ||
Current price: | 85.28 | |||
Support | S1 | 83.65 | -1.91 % | |
S2 | 82.69 | -3.04 % | ||
S3 | 81.14 | -4.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 92.90 | 8.94 % | |
R2 | 89.41 | 4.84 % | ||
R1 | 86.49 | 1.42 % | ||
Current price | 85.28 | |||
Support | S1 | 76.55 | -10.24% | |
S2 | 76.16 | -10.69% | ||
S3 | 66.41 | -22.13% |
FAQ
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