Motus GI Holdings Inc. Stock Forecast

Volatile ride for Motus GI Holdings Inc. stock price on Friday moving between $0.0700 and $0.100
(Updated on May 03, 2024)

MOTS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.86%. Further rise is indicated until a new top pivot has been found. 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. The Motus GI Holdings 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 $0.0767 and $0.302. A break-up above any of these levels will issue buy signals. Motus GI Holdings 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Motus GI Holdings Inc. stock

Motus GI Holdings Inc. finds support from accumulated volume at $0.0700 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 $0.0300 between high and low, or 42.86%. For the last week, the stock has had daily average volatility of 28.55%.

Motus GI Holdings Inc. is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (MOTS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Motus GI Holdings Inc. to open at $0.0807, and during the day (based on 14 day Average True Range), to move between $0.0310 and $0.113, which gives a possible trading interval of +/-$0.0410 (+/-56.99%) up or down from last closing price. If Motus GI Holdings Inc. takes out the full calculated possible swing range there will be an estimated 113.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0700 (2.78%) than the resistance at $0.0760 (5.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Motus GI Holdings Inc. stock A Buy?

Motus GI Holdings Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.346 Strong Sell Candidate Downgraded

Predicted Opening Price for Motus GI Holdings Inc. of Monday, May 6, 2024

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