DocGo Inc. Stock Forecast
DocGo Inc. stock price ended at $3.42 on Thursday, after gaining 1.79%.
(Updated on Apr 18, 2024)
The DocGo Inc. stock price gained 1.79% on the last trading day (Thursday, 18th Apr 2024), rising from $3.36 to $3.42. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.04% from a day low at $3.31 to a day high of $3.51. The price has risen in 5 of the last 10 days but is still down by -10.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 thousand more shares were traded than the day before. In total, 738 thousand shares were bought and sold for approximately $2.52 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.26 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.28% during the next 3 months and, with a 90% probability hold a price between $3.40 and $4.40 at the end of this 3-month period.
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DCGO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 5.23%. 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. The DocGo Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.76. On a fall, the stock will find some support from the short-term average at $3.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for DocGo Inc. stock
DocGo Inc. finds support from accumulated volume at $3.41 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 $0.200 between high and low, or 6.04%. For the last week, the stock has had daily average volatility of 5.22%.
DocGo Inc. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DCGO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect DocGo Inc. to open at $3.41, and during the day (based on 14 day Average True Range), to move between $3.18 and $3.66, which gives a possible trading interval of +/-$0.242 (+/-7.09%) up or down from last closing price. If DocGo Inc. takes out the full calculated possible swing range there will be an estimated 14.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.41 (0.29%) than the resistance at $3.44 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DocGo Inc. stock A Buy?
DocGo Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.252 Sell Candidate Unchanged
Predicted Opening Price for DocGo Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.41 ( 0.195%) | $3.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCGO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.61 | 5.65 % | |
| R2 | 3.54 | 3.42 % | ||
| R1 | 3.49 | 2.04 % | ||
| Current price: | 3.42 | |||
| Support | S1 | 3.34 | -2.43 % | |
| S2 | 3.29 | -3.81 % | ||
| S3 | 3.21 | -6.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.07 | 19.01 % | |
| R2 | 3.85 | 12.57 % | ||
| R1 | 3.44 | 0.585 % | ||
| Current price | 3.42 | |||
| Support | S1 | 3.41 | -0.292% | |
| S2 | 3.35 | -2.05% | ||
| S3 | 3.15 | -7.89% |
FAQ
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