Big movements in Novo Integrated Sciences, Inc. stock price on Monday moving 47.78% between high and lowStockInvest.us, 2 months ago
The Novo Integrated Sciences, Inc. stock price gained 36.82% on the last trading day (Monday, 11th Sep 2023), rising from $0.268 to $0.366. During the last trading day the stock fluctuated 47.78% from a day low at $0.270 to a day high of $0.399. The price has fallen in 6 of the last 10 days but is still up by 114.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 88 million more shares were traded than the day before. In total, 139 million shares were bought and sold for approximately $51.03 million.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.215, a level that may pose a second chance to hit a runner.
The Novo Integrated Sciences, 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 $0.265 and $0.154. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 29, 2023, and so far it has risen 171.71%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
On the downside, the stock finds support just below today's level from accumulated volume at $0.292 and $0.290.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, Novo Integrated Sciences, Inc. finds support just below today's level at $0.292. If this is broken, then the next support from accumulated volume will be at $0.290 and $0.284.
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 $0.129 between high and low, or 47.78%. For the last week, the stock has had daily average volatility of 35.17%.
Novo Integrated Sciences, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.Check full Novo Integrated Sciences, Inc. forecast and analysis here.