Ekso Bionics Holdings Stock Forecast
Volatile ride for Ekso Bionics Holdings stock price on Tuesday moving between $1.14 and $1.31
(Updated on Apr 23, 2024)
The Ekso Bionics Holdings stock price fell by -9.38% on the last day (Tuesday, 23rd Apr 2024) from $1.28 to $1.16. During the last trading day the stock fluctuated 14.91% from a day low at $1.14 to a day high of $1.31. The price has fallen in 6 of the last 10 days and is down by -14.07% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 130 thousand shares were bought and sold for approximately $150.71 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.63% during the next 3 months and, with a 90% probability hold a price between $0.409 and $0.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EKSO Signals & Forecast
There are few to no technical positive signals at the moment. The Ekso Bionics Holdings 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 $1.29 and $1.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -19.44%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Ekso Bionics Holdings stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.170 between high and low, or 14.91%. For the last week the stock has had daily average volatility of 11.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EKSO) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Ekso Bionics Holdings to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.03 and $1.29, which gives a possible trading interval of +/-$0.131 (+/-11.27%) up or down from last closing price. If Ekso Bionics Holdings takes out the full calculated possible swing range there will be an estimated 22.54% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.36, some $0.200 (17.24%) from the current price of $1.16, our system finds the risk reward not very attractive.
Earnings coming up
Ekso Bionics Holdings will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.160. We will update the financials statements for Ekso Bionics Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.51% in the first trading day after earnings release.
Is Ekso Bionics Holdings stock A Buy?
Ekso Bionics Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.820 Strong Sell Candidate Downgraded
Predicted Opening Price for Ekso Bionics Holdings of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$1.20 ( 3.74%) | $1.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKSO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.37 | 18.39 % | |
R2 | 1.31 | 12.79 % | ||
R1 | 1.27 | 9.33 % | ||
Current price: | 1.16 | |||
Support | S1 | 1.14 | -1.86 % | |
S2 | 1.10 | -5.32 % | ||
S3 | 1.03 | -10.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.44 | 24.14 % | |
R2 | 1.40 | 20.69 % | ||
R1 | 1.36 | 17.24 % | ||
Current price | 1.16 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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