Ekso Bionics Holdings Stock Forecast
Ekso Bionics Holdings stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Ekso Bionics Holdings stock price fell by -4.70% on the last day (Wednesday, 27th Mar 2024) from $1.49 to $1.42. During the last trading day the stock fluctuated 6.43% from a day low at $1.40 to a day high of $1.49. The price has risen in 6 of the last 10 days and is up by 0.71% over the past 2 weeks. Volume has increased on the last day by 36 thousand 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, 69 thousand shares were bought and sold for approximately $97.32 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.14% during the next 3 months and, with a 90% probability hold a price between $0.437 and $1.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EKSO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 7.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ekso Bionics Holdings 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 $1.43 and $1.73. A break-up above any of these levels will issue buy signals. Ekso Bionics Holdings gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ekso Bionics Holdings stock
Ekso Bionics Holdings finds support from accumulated volume at $1.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0900 between high and low, or 6.43%. For the last week, the stock has had daily average volatility of 5.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EKSO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Ekso Bionics Holdings to open at $1.44, and during the day (based on 14 day Average True Range), to move between $1.29 and $1.55, which gives a possible trading interval of +/-$0.134 (+/-9.44%) up or down from last closing price. If Ekso Bionics Holdings takes out the full calculated possible swing range there will be an estimated 18.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.40 (1.41%) than the resistance at $1.58 (11.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ekso Bionics Holdings stock A Buy?
Ekso Bionics Holdings holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.650 Sell Candidate Upgraded
Predicted Opening Price for Ekso Bionics Holdings of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$1.44 ( 1.17%) | $1.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKSO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.53 | 7.51 % | |
R2 | 1.49 | 5.09 % | ||
R1 | 1.47 | 3.59 % | ||
Current price: | 1.42 | |||
Support | S1 | 1.40 | -1.25 % | |
S2 | 1.38 | -2.74 % | ||
S3 | 1.35 | -5.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.76 | 23.94 % | |
R2 | 1.67 | 17.61 % | ||
R1 | 1.58 | 11.27 % | ||
Current price | 1.42 | |||
Support | S1 | 1.40 | -1.41% | |
S2 | 1.35 | -4.93% | ||
S3 | 1.32 | -7.04% |
FAQ
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