Asensus Surgical, Inc. Stock Forecast
Red day on Tuesday for Asensus Surgical, Inc. stock after losing 1.04%
(Updated on Jul 02, 2024)
The Asensus Surgical, Inc. stock price fell by -1.04% on the last day (Tuesday, 2nd Jul 2024) from $0.335 to $0.332. During the last trading day the stock fluctuated 2.23% from a day low at $0.328 to a day high of $0.335. The price has been going up and down for this period, and there has been a -0.21% loss for the last 2 weeks. Volume has increased on the last day by 347 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $553.93 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.336 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.92% during the next 3 months and, with a 90% probability hold a price between $0.312 and $0.427 at the end of this 3-month period.
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ASXC Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -1.04%. 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). 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". The Asensus Surgical, 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 $0.330 and $0.286. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Asensus Surgical, Inc. stock
Asensus Surgical, Inc. finds support from accumulated volume at $0.330 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 $0.0073 between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: $0.322 (-2.98%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (ASXC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Asensus Surgical, Inc. to open at $0.331, and during the day (based on 14 day Average True Range), to move between $0.321 and $0.342, which gives a possible trading interval of +/-$0.0107 (+/-3.23%) up or down from last closing price. If Asensus Surgical, Inc. takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.332 (0.15%) than the support at $0.330 (0.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Asensus Surgical, Inc. stock A Buy?
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 Asensus Surgical, Inc. stock to perform well in the short-term.
Current score: 3.553 Buy Candidate Unchanged
Predicted Opening Price for Asensus Surgical, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.331 ( 0.0302%) | $0.332 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASXC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.339 | 2.17% |
| R2 | 0.336 | 1.33% |
| R1 | 0.334 | 0.81% |
| Price | 0.332 | |
| S1 | 0.329 | -0.87% |
| S2 | 0.327 | -1.39% |
| S3 | 0.324 | -2.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.333 | 0.362% |
| R2 | 0.332 | 0.211% |
| R1 | 0.332 | 0.151% |
| Price | 0.332 | |
| S1 | 0.330 | -0.452% |
| S2 | 0.285 | -14.03% |
| S3 | 0.250 | -24.59% |
FAQ
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