Endonovo Therapeutics, Inc. Stock Forecast
Big movements in Endonovo Therapeutics, Inc. stock price on Thursday moving 13.75% between high and low
(Updated on May 16, 2024)
The Endonovo Therapeutics, Inc. stock price gained 0.629% on the last trading day (Thursday, 16th May 2024), rising from $0.0016 to $0.0016. During the last trading day the stock fluctuated 13.75% from a day low at $0.0016 to a day high of $0.0018. The price has risen in 5 of the last 10 days but is still down by -19.4% for this period. Volume fell on the last day by -1 million shares and in total, 302 thousand shares were bought and sold for approximately $483.67 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0014 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -38.45% during the next 3 months and, with a 90% probability hold a price between $0.0008 and $0.0018 at the end of this 3-month period.
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ENDV Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 6.67%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Endonovo Therapeutics, 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 $0.0019 and $0.0025. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Endonovo Therapeutics, Inc. stock
Endonovo Therapeutics, Inc. finds support from accumulated volume at $0.0016 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 13.75%. For the last week the stock has had daily average volatility of 38.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENDV) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Endonovo Therapeutics, Inc. to open at $0.0017, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0021, which gives a possible trading interval of +/-$0.0005 (+/-33.63%) up or down from last closing price. If Endonovo Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 67.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0016 (0.63%) than the resistance at $0.0020 (24.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Endonovo Therapeutics, Inc. stock A Buy?
Endonovo Therapeutics, 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: -5.841 Strong Sell Candidate Unchanged
Predicted Opening Price for Endonovo Therapeutics, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.0017 ( 4.58%) | $0.0016 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENDV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 18.33 % | |
| R2 | 0.0018 | 13.08 % | ||
| R1 | 0.0018 | 9.84 % | ||
| Current price: | 0.0016 | |||
| Support | S1 | 0.0016 | -0.669 % | |
| S2 | 0.0015 | -3.91 % | ||
| S3 | 0.0015 | -9.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0020 | 24.06 % | ||
| Current price | 0.0016 | |||
| Support | S1 | 0.0016 | -0.625% | |
| S2 | 0.0015 | -6.25% | ||
| S3 | 0 | . |
FAQ
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