Big movements in NanoVibronix, Inc stock price on Wednesday moving 19.77% between high and lowStockInvest.us, 4 weeks ago
The NanoVibronix, Inc stock price gained 2.04% on the last trading day (Wednesday, 18th Aug 2021), rising from $2.94 to $3.00. During the day the stock fluctuated 19.77% from a day low at $2.63 to a day high of $3.15. The price has risen in 6 of the last 10 days and is up by 47.06% over the past 2 weeks. Volume fell on the last day by -91 million shares and in total, 26 million shares were bought and sold for approximately $77.47 million. 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 129.74% during the next 3 months and, with a 90% probability hold a price between $3.07 and $7.88 at the end of this 3-month period.
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, August 16, 2021, and so far it has fallen -10.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). The NanoVibronix, Inc 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 $2.75 and $1.66. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
NanoVibronix, Inc finds support from accumulated volume at $2.94 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 $0.52 between high and low, or 19.77%. For the last week, the stock has had a daily average volatility of 34.71%.
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 NanoVibronix, Inc stock to perform well in the short-term.Check full NanoVibronix, Inc forecast and analysis here.