ENDRA Life Sciences Inc. Stock Forecast
Big movements in
ENDRA Life Sciences Inc. stock price on Tuesday moving 14.74% between high and low
(Updated on Apr 23, 2024)
The ENDRA Life Sciences Inc. stock price gained 1.68% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.250 to $0.254. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 14.74% from a day low at $0.246 to a day high of $0.282. The price has risen in 6 of the last 10 days but is still down by -29.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 37 thousand shares were bought and sold for approximately $9.42 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.169 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -57.86% during the next 3 months and, with a 90% probability hold a price between $0.0713 and $0.293 at the end of this 3-month period.
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NDRA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.23%. 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). ENDRA Life Sciences 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ENDRA Life Sciences Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.674. On a fall, the stock will find some support from the short-term average at $0.250. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for ENDRA Life Sciences Inc. stock
ENDRA Life Sciences Inc. finds support from accumulated volume at $0.247 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 $0.0362 between high and low, or 14.74%. For the last week, the stock has had daily average volatility of 13.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NDRA) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect ENDRA Life Sciences Inc. to open at $0.261, and during the day (based on 14 day Average True Range), to move between $0.194 and $0.315, which gives a possible trading interval of +/-$0.0604 (+/-23.75%) up or down from last closing price. If ENDRA Life Sciences Inc. takes out the full calculated possible swing range there will be an estimated 47.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.247 (2.91%) than the resistance at $0.262 (2.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ENDRA Life Sciences Inc. stock A Buy?
ENDRA Life Sciences Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.318 Sell Candidate Unchanged
Predicted Opening Price for ENDRA Life Sciences Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.261 ( 2.44%) | $0.254 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NDRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.297 | 16.67 % | |
| R2 | 0.283 | 11.23 % | ||
| R1 | 0.274 | 7.87 % | ||
| Current price: | 0.254 | |||
| Support | S1 | 0.247 | -3.00 % | |
| S2 | 0.238 | -6.36 % | ||
| S3 | 0.224 | -11.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.275 | 8.06 % | ||
| R1 | 0.262 | 2.99 % | ||
| Current price | 0.254 | |||
| Support | S1 | 0.247 | -2.91% | |
| S2 | 0.233 | -8.25% | ||
| S3 | 0.231 | -9.28% |
FAQ
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