Asensus Surgical, Inc. Stock Forecast

Asensus Surgical, Inc. stock price ended at $0.250 on Friday, after losing 1.07%.
(Updated on Apr 19, 2024)

ASXC Signals & Forecast

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 Asensus Surgical, Inc. 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 $0.264 and $0.270. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -12.28%. Further fall is indicated until a new bottom pivot has been found. Asensus Surgical, Inc. 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".

Support, Risk & Stop-loss for Asensus Surgical, Inc. stock

Asensus Surgical, Inc. finds support from accumulated volume at $0.241 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0109 between high and low, or 4.38%. For the last week, the stock has had daily average volatility of 6.42%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ASXC) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Asensus Surgical, Inc. to open at $0.253, and during the day (based on 14 day Average True Range), to move between $0.232 and $0.268, which gives a possible trading interval of +/-$0.0176 (+/-7.02%) up or down from last closing price. If Asensus Surgical, Inc. takes out the full calculated possible swing range there will be an estimated 14.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.241 (3.60%) than the resistance at $0.270 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Asensus Surgical, Inc. stock A Buy?

Asensus Surgical, Inc. 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.

Current score: -3.217 Sell Candidate Unchanged

Predicted Opening Price for Asensus Surgical, Inc. of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.