Assure Holdings Corp. Stock Forecast
Volatile ride for Assure Holdings Corp. stock price on Wednesday moving between $0.665 and $0.770
(Updated on Apr 24, 2024)
The Assure Holdings Corp. stock price gained 6.29% on the last trading day (Wednesday, 24th Apr 2024), rising from $0.687 to $0.730. It 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 last trading day the stock fluctuated 15.79% from a day low at $0.665 to a day high of $0.770. The price has fallen in 6 of the last 10 days and is down by -0.95% for this period. Volume fell on the last day by -52 thousand shares and in total, 272 thousand shares were bought and sold for approximately $198.71 thousand. 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 135.93% during the next 3 months and, with a 90% probability hold a price between $1.09 and $1.92 at the end of this 3-month period.
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IONM Signals & Forecast
The Assure Holdings Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.618 and $0.543. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -0.95%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Assure Holdings Corp. stock
Assure Holdings Corp. finds support from accumulated volume at $0.719 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 $0.105 between high and low, or 15.79%. For the last week the stock has had daily average volatility of 23.98%.
Our recommended stop-loss: $0.704 (-3.51%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (IONM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Assure Holdings Corp. to open at $0.722, and during the day (based on 14 day Average True Range), to move between $0.633 and $0.83, which gives a possible trading interval of +/-$0.0971 (+/-13.31%) up or down from last closing price. If Assure Holdings Corp. takes out the full calculated possible swing range there will be an estimated 26.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.737 (0.96%) than the support at $0.719 (1.51%), 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 Assure Holdings Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Assure Holdings Corp. stock to perform well in the short-term.
Current score: 4.844 Buy Candidate Unchanged
Predicted Opening Price for Assure Holdings Corp. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.722 ( 1.14%) | $0.730 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IONM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.83 | 13.24 % | |
| R2 | 0.787 | 7.75 % | ||
| R1 | 0.762 | 4.35 % | ||
| Current price: | 0.730 | |||
| Support | S1 | 0.682 | -6.64 % | |
| S2 | 0.657 | -10.03 % | ||
| S3 | 0.617 | -15.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.737 | 0.96 % | ||
| Current price | 0.730 | |||
| Support | S1 | 0.719 | -1.51% | |
| S2 | 0.586 | -19.71% | ||
| S3 | 0.561 | -23.15% |
FAQ
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