High volatility in Novo Integrated Sciences, Inc. stock price on Friday which ended trading at $0.298StockInvest.us, 2 months ago
The Novo Integrated Sciences, Inc. stock price gained 48.36% on the last trading day (Friday, 29th Sep 2023), rising from $0.201 to $0.298. During the last trading day the stock fluctuated 42.59% from a day low at $0.263 to a day high of $0.374. The price has been going up and down for this period, and there has been a -25.45% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 171 million more shares were traded than the day before. In total, 221 million shares were bought and sold for approximately $65.86 million.
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 83.19% during the next 3 months and, with a 90% probability hold a price between $0.340 and $0.88 at the end of this 3-month period.
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 $0.251 and $0.234. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, September 13, 2023, and so far it has fallen -32.30%. 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).
Novo Integrated Sciences, Inc. finds support from accumulated volume at $0.292 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 $0.112 between high and low, or 42.59%. For the last week, the stock has had daily average volatility of 23.48%.
Novo Integrated Sciences, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Strong Buy candidate.Check full Novo Integrated Sciences, Inc. forecast and analysis here.