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Volatile ride for NanoVibronix, Inc stock price on Monday moving between $3.14 and $4.08

StockInvest.us, 5 months ago

NanoVibronix, Inc

The NanoVibronix, Inc stock price gained 33.73% on the last trading day (Monday, 16th Aug 2021), rising from $2.52 to $3.37. During the day the stock fluctuated 29.94% from a day low at $3.14 to a day high of $4.08. The price has been going up and down for this period, and there has been a 43.4% gain 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, 183 million more shares were traded than the day before. In total, 243 million shares were bought and sold for approximately $817.41 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 $3.04, a level that may pose a second chance to hit a runner. According to fan-theory $4.24 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

NanoVibronix, Inc

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 $2.55 and $1.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, July 27, 2021, and so far it has risen 129.25%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $2.89 and $2.61.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $2.61 may give a huge drop in the stock price.

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 $0.94 between high and low, or 29.94%. For the last week, the stock has had a daily average volatility of 25.46%.

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. 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 period.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Check full NanoVibronix, Inc forecast and analysis here.