RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MEDS
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Volatile ride for Trxade Group Inc. stock price on Thursday moving between $9.01 and $10.74
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Gain 7.68% PDF

The Trxade Group Inc. stock price gained 7.23% on the last trading day (Thursday, 28th Mar 2024), rising from $9.55 to $10.24. During the last trading day the stock fluctuated 19.20% from a day low at $9.01 to a day high of $10.74. The price has been going up and down for this period, and there has been a -64.87% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 49 thousand more shares were traded than the day before. In total, 113 thousand shares were bought and sold for approximately $1.16 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 101.65% during the next 3 months and, with a 90% probability hold a price between $19.88 and $75.88 at the end of this 3-month period.

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MEDS Signals & Forecast

Trxade Group Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trxade Group Inc. 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 $14.91 and $13.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -69.79%. 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).

Support, Risk & Stop-loss for Trxade Group Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.51 and $9.09. 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, Trxade Group Inc. finds support just below today's level at $9.51. If this is broken, then the next support from accumulated volume will be at $9.09 and $8.46.

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 $1.73 between high and low, or 19.20%. For the last week, the stock has had daily average volatility of 27.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MEDS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Trxade Group Inc. to open at $10.00, and during the day (based on 14 day Average True Range), to move between $5.81 and $14.67, which gives a possible trading interval of +/-$4.43 (+/-43.30%) up or down from last closing price. If Trxade Group Inc. takes out the full calculated possible swing range there will be an estimated 86.60% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $9.51, some $0.730 (7.13%) from the current price of $10.24, our system finds the risk reward attractive.

Is Trxade Group Inc. stock A Buy?

The Trxade Group Inc. stock holds several negative signals and despite the positive trend, we believe Trxade Group Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -5.388 Strong Sell Candidate Unchanged

Predicted Opening Price for Trxade Group Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$10.00 ( 2.38%) $10.24

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

Trading levels for MEDS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.73 14.52 %
R2 11.07 8.06 %
R1 10.66 4.08 %
Current price: 10.24
Support S1 9.34 -8.83 %
S2 8.93 -12.82 %
S3 8.27 -19.27 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 10.24
Support S1 9.51 -7.13%
S2 9.09 -11.23%
S3 8.46 -17.38%

MEDS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2024 Mar 25, 2024 Mar 22, 2024 $8.00 33.24%
2 Mar 15, 2024 Mar 15, 2024 Mar 15, 2024 $0 0%

FAQ

What is the symbol for Trxade Group Inc. Stock and on which exchange is it traded?
The symbol for Trxade Group Inc. is MEDS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Trxade Group Inc. Stock?
The Trxade Group Inc. stock holds several negative signals and despite the positive trend, we believe Trxade Group Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Trxade Group Inc. Stock?
Trxade Group Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Trxade Group Inc. Stock.

What's the current price of Trxade Group Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Trxade Group Inc. (MEDS) share was $10.24.

What is the 52-week high and low for Trxade Group Inc. Stock?
The 52-week high for Trxade Group Inc. Stock is $44.56 and the 52-week low is $3.77.

What is the market capitalization of Trxade Group Inc. Stock?
As of the 2024-03-28, the market capitalization of Trxade Group Inc. is 12.339M.

When is the next earnings date for Trxade Group Inc.?
The upcoming earnings date for Trxade Group Inc. is May 13, 2024.
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About Trxade Group Inc.

TRxADE HEALTH, Inc. operates as a health services IT company in the United States. The company focuses on digitalizing the retail pharmacy experience by optimizing drug procurement, prescription journey, and patient engagement. It operates the TRxADE drug procurement marketplace, which fosters price transparency and serves approximately 11,800 members; and offers patient centric telehealth services under the Bonum Health brand name. The company w... MEDS Profile

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