NanoVibronix, Inc Stock Forecast

Stronger technical forecast for NanoVibronix, Inc stock price after Thursday trading.
(Updated on Apr 18, 2024)

NAOV Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.671%. 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 NanoVibronix, 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 $0.767 and $0.88. 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 NanoVibronix, Inc stock

NanoVibronix, Inc finds support from accumulated volume at $0.745 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0081 between high and low, or 1.09%. For the last week the stock has had daily average volatility of 6.91%.

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

Trading Expectations (NAOV) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect NanoVibronix, Inc to open at $0.749, and during the day (based on 14 day Average True Range), to move between $0.679 and $0.82, which gives a possible trading interval of +/-$0.0714 (+/-9.52%) up or down from last closing price. If NanoVibronix, Inc takes out the full calculated possible swing range there will be an estimated 19.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.745 (0.67%) than the resistance at $0.90 (20.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NanoVibronix, Inc stock A Buy?

NanoVibronix, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.972 Sell Candidate Upgraded

Predicted Opening Price for NanoVibronix, Inc of Friday, April 19, 2024

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