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Today ICAD ranks #14712 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$7.22 (1.98%)

Volume: 317k

Closed: Dec 08, 2021

Hollow Logo Score: -2.242

icad inc. Stock Forecast

$7.22 (1.98%)

Volume: 317k

Closed: Dec 08, 2021

Score Hollow Logo -2.242
Which way will ICAD go? Request
Key Stats
P/E Ratio -20.83
Beta 1.07
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The icad inc. stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

icad inc. stock price up 1.98% on Wednesday
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-09 Loss -24.40%

The icad inc. stock price gained 1.98% on the last trading day (Wednesday, 8th Dec 2021), rising from $7.08 to $7.22. , and 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 day the stock fluctuated 6.59% from a day low at $6.98 to a day high of $7.44. The price has fallen in 6 of the last 10 days and is down by -7.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 thousand more shares were traded than the day before. In total, 317 thousand shares were bought and sold for approximately $2.29 million.

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 $6.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.67% during the next 3 months and, with a 90% probability hold a price between $4.69 and $7.08 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 7.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 icad 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 $9.15. On a fall, the stock will find some support from the short-term average at $7.20. 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.

Support, Risk & Stop-loss

icad inc. finds support from accumulated volume at $7.08 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 $0.46 between high and low, or 6.59%. For the last week, the stock has had a daily average volatility of 10.80%.

icad inc. is oversold on RSI14 (22). 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 an negative evaluation for this stock. No stop-loss is set.

Is icad inc. stock A Buy?

icad 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: -2.242

Predicted Opening Price for icad inc. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$7.21 $7.22 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 10, 2021 "BTIG Research" gave "$24.00" rating for ICAD. The price target was changed from $8.70 to 8.9%.

Volatility and Risk
Daily Average Volatility: 10.80 %
Overall Risk: Very High High Medium Low Very Low
Volatility
10.80 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $7.44
Price: $7.22
Support: $7.08

ICAD Insider Trading Show all Trades

INSIDER POWER

1.683

Last 100 transactions
Buy: 862 198 | Sell: 512 346 (Shares)
Date Action Amount Person Type
Dec 07, 2021 Sell 10 000 Sassine Andy Common Stock
Dec 06, 2021 Sell 10 000 Sassine Andy Common Stock
Nov 09, 2021 Sell 10 000 Sassine Andy Common Stock
Nov 08, 2021 Sell 30 000 Go Jonathan Employee Stock Option (Right to Buy)
Nov 08, 2021 Sell 8 750 Go Jonathan Common Stock
Show all Insider Trades
INSIDER POWER

1.683

Last 100 transactions
Buy: 862 198 | Sell: 512 346 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.67 6.28 %
7.50 3.85 %
7.39 2.34 %
Current price: 7.22
Support 7.04 -2.53 %
6.93 -4.03 %
6.75 -6.46 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.98 24.38 %
7.80 8.03 %
7.44 3.05 %
Current price 7.22
Support 7.08 -1.94%
7.05 -2.35%
6.70 -7.20%

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About icad inc.

icad iCAD, Inc. provides image analysis, workflow solutions, and radiation therapy for the early identification and treatment of cancer in the United States and internationally. It operates through two segments, Cancer Detection and Cancer Therapy. The company provides electronic brachytherapy (eBX) products, including Axxent eBx systems for the treatment of early stage breast cancer, endometrial and cervical cancer, and skin cancer, as well as for th... Read more

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