icad inc. Stock Forecast
icad inc. stock price fell more than -5.13% Thursday closing at $1.48
(Updated on Apr 25, 2024)
The icad inc. stock price fell by -5.13% on the last day (Thursday, 25th Apr 2024) from $1.56 to $1.48. During the last trading day the stock fluctuated 6.67% from a day low at $1.46 to a day high of $1.56. The price has fallen in 7 of the last 10 days and is down by -12.94% for this period. Volume has increased on the last day by 88 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, 111 thousand shares were bought and sold for approximately $163.56 thousand.
Given the current short-term trend, the stock is expected to rise 10.48% during the next 3 months and, with a 90% probability hold a price between $1.64 and $2.65 at the end of this 3-month period.
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ICAD Signals & Forecast
There are few to no technical positive signals at the moment. The icad 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 $1.54 and $1.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -34.66%. 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). icad 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".
Support, Risk & Stop-loss for icad inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.40 and $1.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, icad inc. finds support just below today's level at $1.40. If this is broken, then the next support from accumulated volume will be at $1.38 and $1.35.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0974 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 7.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICAD) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect icad inc. to open at $1.50, and during the day (based on 14 day Average True Range), to move between $1.35 and $1.61, which gives a possible trading interval of +/-$0.133 (+/-8.96%) up or down from last closing price. If icad inc. takes out the full calculated possible swing range there will be an estimated 17.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.40 (5.41%) than the resistance at $1.63 (10.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is icad inc. stock A Buy?
The icad inc. stock holds several negative signals and despite the positive trend, we believe icad inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.964 Sell Candidate Unchanged
Predicted Opening Price for icad inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.50 ( 1.29%) | $1.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICAD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.60 | 7.87 % | |
| R2 | 1.56 | 5.36 % | ||
| R1 | 1.54 | 3.81 % | ||
| Current price: | 1.48 | |||
| Support | S1 | 1.46 | -1.22 % | |
| S2 | 1.44 | -2.77 % | ||
| S3 | 1.40 | -5.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.80 | 21.62 % | |
| R2 | 1.76 | 18.92 % | ||
| R1 | 1.63 | 10.14 % | ||
| Current price | 1.48 | |||
| Support | S1 | 1.40 | -5.41% | |
| S2 | 1.38 | -6.76% | ||
| S3 | 1.35 | -8.78% |
FAQ
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