Navidea Biopharmaceuticals Inc Stock Forecast
Volatile ride for Navidea Biopharmaceuticals Inc stock price on Thursday moving between $0.0350 and $0.0450
(Updated on May 02, 2024)
No changes to the price of Navidea Biopharmaceuticals Inc stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 28.57% from a day low at $0.0350 to a day high of $0.0450. The price has risen in 5 of the last 10 days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.44% during the next 3 months and, with a 90% probability hold a price between $0.0283 and $0.0451 at the end of this 3-month period.
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NAVB Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Navidea Biopharmaceuticals 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 $0.0363 and $0.0390. 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).
Support, Risk & Stop-loss for Navidea Biopharmaceuticals Inc stock
Navidea Biopharmaceuticals Inc finds support from accumulated volume at $0.0345 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 28.57%. For the last week, the stock has had daily average volatility of 40.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NAVB) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Navidea Biopharmaceuticals Inc to open at $0.0383, and during the day (based on 14 day Average True Range), to move between $0.0244 and $0.0456, which gives a possible trading interval of +/-$0.0106 (+/-30.37%) up or down from last closing price. If Navidea Biopharmaceuticals Inc takes out the full calculated possible swing range there will be an estimated 60.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0345 (1.43%) than the resistance at $0.0371 (6.00%), 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
Navidea Biopharmaceuticals Inc will release earnings -- on Thursday, May 09, 2024. We will update the financials statements for Navidea Biopharmaceuticals Inc , that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.88% in the first trading day after earnings release.
Is Navidea Biopharmaceuticals Inc stock A Buy?
Navidea Biopharmaceuticals 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.
Current score: -4.294 Sell Candidate Unchanged
Predicted Opening Price for Navidea Biopharmaceuticals Inc of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$0.0383 ( 9.52%) | $0.0350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAVB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0483 | 38.10 % | |
R2 | 0.0445 | 27.18 % | ||
R1 | 0.0422 | 20.44 % | ||
Current price: | 0.0350 | |||
Support | S1 | 0.0345 | -1.39 % | |
S2 | 0.0322 | -8.13 % | ||
S3 | 0.0283 | -19.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0395 | 12.86 % | |
R2 | 0.0380 | 8.57 % | ||
R1 | 0.0371 | 6.00 % | ||
Current price | 0.0350 | |||
Support | S1 | 0.0345 | -1.43% | |
S2 | 0.0340 | -2.86% | ||
S3 | 0.0330 | -5.71% |
FAQ
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