Assure Holdings Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Assure Holdings Corp. stock price on Friday moving between $0.480 and $0.560
(Updated on May 03, 2024)
The Assure Holdings Corp. stock price fell by -4.28% on the last day (Friday, 3rd May 2024) from $0.528 to $0.505. During the last trading day the stock fluctuated 16.62% from a day low at $0.480 to a day high of $0.560. The price has risen in 6 of the last 10 days and is up by 14.86% over the past 2 weeks. Volume has increased on the last day by 91 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, 254 thousand shares were bought and sold for approximately $128.34 thousand.
Given the current short-term trend, the stock is expected to rise 79.64% during the next 3 months and, with a 90% probability hold a price between $0.91 and $1.67 at the end of this 3-month period.
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IONM Signals & Forecast
There are few to no technical positive signals at the moment. The Assure Holdings Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.596 and $0.581. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -43.15%. 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). Assure Holdings Corp. 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 Assure Holdings Corp. stock
Assure Holdings Corp. finds support from accumulated volume at $0.488 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0798 between high and low, or 16.62%. For the last week, the stock has had daily average volatility of 28.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IONM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Assure Holdings Corp. to open at $0.515, and during the day (based on 14 day Average True Range), to move between $0.382 and $0.629, which gives a possible trading interval of +/-$0.123 (+/-24.38%) up or down from last closing price. If Assure Holdings Corp. takes out the full calculated possible swing range there will be an estimated 48.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.488 (3.44%) than the resistance at $0.561 (11.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Assure Holdings Corp. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Assure Holdings Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 19.30% in the first trading day after earnings release.
Is Assure Holdings Corp. stock A Buy?
The Assure Holdings Corp. stock holds several negative signals and despite the positive trend, we believe Assure Holdings Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.031 Sell Candidate Upgraded
Predicted Opening Price for Assure Holdings Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.515 ( 1.94%) | $0.505 |
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 | 0.595 | 17.73 % | |
| R2 | 0.565 | 11.70 % | ||
| R1 | 0.546 | 7.97 % | ||
| Current price: | 0.505 | |||
| Support | S1 | 0.485 | -4.09 % | |
| S2 | 0.466 | -7.82 % | ||
| S3 | 0.435 | -13.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.586 | 15.97 % | |
| R2 | 0.570 | 12.78 % | ||
| R1 | 0.561 | 11.00 % | ||
| Current price | 0.505 | |||
| Support | S1 | 0.488 | -3.44% | |
| S2 | 0.480 | -5.03% | ||
| S3 | 0.420 | -16.90% |
FAQ
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