icad inc. Stock Forecast

icad inc. stock price down 0% on Wednesday
(Updated on Apr 24, 2024)

ICAD Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 4.70%. 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 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 $1.56 and $1.65. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for icad inc. stock

icad inc. finds support from accumulated volume at $1.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0400 between high and low, or 2.60%. For the last week the stock has had daily average volatility of 7.38%.

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 Thursday 25th

For the upcoming trading day on Thursday, 25th we expect icad inc. to open at $1.56, and during the day (based on 14 day Average True Range), to move between $1.42 and $1.70, which gives a possible trading interval of +/-$0.135 (+/-8.66%) up or down from last closing price. If icad inc. takes out the full calculated possible swing range there will be an estimated 17.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.63 (4.49%) than the support at $1.49 (4.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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: -2.772 Sell Candidate Unchanged

Predicted Opening Price for icad inc. of Thursday, April 25, 2024

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