RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NURO
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Green day on Wednesday for NeuroMetrix stock after gaining 4.00%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 26, 2024 Gain 20.93% PDF

The NeuroMetrix stock price gained 4.00% on the last trading day (Wednesday, 27th Mar 2024), rising from $4.00 to $4.16. During the last trading day the stock fluctuated 3.74% from a day low at $4.01 to a day high of $4.16. The price has risen in 6 of the last 10 days and is up by 6.12% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 3 thousand shares were bought and sold for approximately $10.65 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.87% during the next 3 months and, with a 90% probability hold a price between $4.17 and $5.76 at the end of this 3-month period.

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NURO Signals & Forecast

The NeuroMetrix stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.04 and $3.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 11.83%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Thursday, February 22, 2024 with a target of $3.15. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for NeuroMetrix stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.78 and $3.69. 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, NeuroMetrix finds support just below today's level at $3.78. If this is broken, then the next support from accumulated volume will be at $3.69 and $3.17.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 3.74%. For the last week the stock has had daily average volatility of 3.91%.

Our recommended stop-loss: $3.98 (-4.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (NURO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect NeuroMetrix to open at $4.11, and during the day (based on 14 day Average True Range), to move between $3.93 and $4.39, which gives a possible trading interval of +/-$0.232 (+/-5.57%) up or down from last closing price. If NeuroMetrix takes out the full calculated possible swing range there will be an estimated 11.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.27 (2.64%) than the support at $3.78 (9.13%), 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 NeuroMetrix stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NeuroMetrix stock to perform well in the short-term.

Current score: 4.054 Buy Candidate Unchanged

Predicted Opening Price for NeuroMetrix of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$4.11 ( 1.20%) $4.16

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NURO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.26 2.40 %
R2 4.20 1.03 %
R1 4.17 0.175 %
Current price: 4.16
Support S1 4.05 -2.58 %
S2 4.02 -3.43 %
S3 3.96 -4.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 4.27 2.64 %
Current price 4.16
Support S1 3.78 -9.13%
S2 3.69 -11.30%
S3 3.17 -23.80%

NURO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2007 Mar 28, 2007 Nov 19, 2019 $1,728.00 6,084.51%

FAQ

What is the symbol for NeuroMetrix Stock and on which exchange is it traded?
The symbol for NeuroMetrix is NURO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NeuroMetrix Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NeuroMetrix stock to perform well in the short-term.

How to buy NeuroMetrix Stock?
NeuroMetrix Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NeuroMetrix Stock.

What's the current price of NeuroMetrix Stock?
As of the end of day on the 2024-03-27, the price of an NeuroMetrix (NURO) share was $4.16.

What is the 52-week high and low for NeuroMetrix Stock?
The 52-week high for NeuroMetrix Stock is $4.42 and the 52-week low is $0.450.

What is the market capitalization of NeuroMetrix Stock?
As of the 2024-03-27, the market capitalization of NeuroMetrix is 7.946M.

When is the next earnings date for NeuroMetrix?
The upcoming earnings date for NeuroMetrix is May 01, 2024.
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About NeuroMetrix

NeuroMetrix NeuroMetrix, Inc., a healthcare company, engages in designing, building, and marketing medical devices that stimulate and analyze nerve response for diagnostic and therapeutic purposes in the United States, Europe, Japan, China, the Middle East, and Mexico. Its primary marketed products include DPNCheck, a nerve conduction test that is used to evaluate peripheral neuropathies, such as diabetic peripheral neuropathy; Quell, a wearable device for s... NURO Profile

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