NCS Multistage Holdings Inc Stock Forecast

NCS Multistage Holdings Inc stock price ended at $17.81 on Tuesday, after gaining 0.112%.
(Updated on May 07, 2024)

NCSM Signals & Forecast

Mostly positive signals in the chart today. The NCS Multistage Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.14 and $16.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 20.75%. 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). NCS Multistage Holdings 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for NCS Multistage Holdings Inc stock

NCS Multistage Holdings Inc finds support from accumulated volume at $17.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.613 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 4.70%.

The NCS Multistage Holdings Inc stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $17.21 (-3.38%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 47 days ago.)

Trading Expectations (NCSM) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect NCS Multistage Holdings Inc to open at $17.91, and during the day (based on 14 day Average True Range), to move between $17.30 and $18.32, which gives a possible trading interval of +/-$0.505 (+/-2.84%) up or down from last closing price. If NCS Multistage Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $17.79, some $0.0200 (0.11%) from the current price of $17.81, our system finds the risk reward attractive.

Is NCS Multistage Holdings Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for NCS Multistage Holdings Inc stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

Current score: 4.681 Buy Candidate Unchanged

Predicted Opening Price for NCS Multistage Holdings Inc of Wednesday, May 8, 2024

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