NCS Multistage Holdings Inc Stock Forecast
NCS Multistage Holdings Inc stock price up more than 5.73% on Friday
(Updated on May 17, 2024)
The NCS Multistage Holdings Inc stock price gained 5.73% on the last trading day (Friday, 17th May 2024), rising from $16.94 to $17.91. During the last trading day the stock fluctuated 2.93% from a day low at $17.40 to a day high of $17.91. The price has risen in 6 of the last 10 days and is up by 2.81% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 957 shares were bought and sold for approximately $17.14 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.02% during the next 3 months and, with a 90% probability hold a price between $19.62 and $22.11 at the end of this 3-month period.
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NCSM Signals & Forecast
The NCS Multistage Holdings Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $18.02. On a fall, the stock will find some support from the long-term average at approximately $16.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -4.73%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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.
Golden Star
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.510 between high and low, or 2.93%. For the last week the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: $17.09 (-4.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (NCSM) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NCS Multistage Holdings Inc to open at $17.74, and during the day (based on 14 day Average True Range), to move between $17.31 and $18.51, which gives a possible trading interval of +/-$0.603 (+/-3.37%) 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 6.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.79 (0.67%) than the resistance at $18.38 (2.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NCS Multistage Holdings Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.861 Buy Candidate Upgraded
Predicted Opening Price for NCS Multistage Holdings Inc of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$17.74 ( 0.95%) | $17.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCSM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.25 | 1.90 % | |
R2 | 18.06 | 0.81 % | ||
R1 | 17.93 | 0.139 % | ||
Current price: | 17.91 | |||
Support | S1 | 17.55 | -2.04 % | |
S2 | 17.42 | -2.71 % | ||
S3 | 17.23 | -3.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.80 | 4.97 % | |
R2 | 18.60 | 3.85 % | ||
R1 | 18.38 | 2.62 % | ||
Current price | 17.91 | |||
Support | S1 | 17.79 | -0.670% | |
S2 | 16.05 | -10.39% | ||
S3 | 15.50 | -13.46% |
FAQ
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