NeoGenomics Stock Forecast
NeoGenomics stock upgraded to Sell Candidate.
(Updated on May 01, 2024)
The NeoGenomics stock price gained 0.287% on the last trading day (Wednesday, 1st May 2024), rising from $13.92 to $13.96. During the last trading day the stock fluctuated 6.29% from a day low at $13.51 to a day high of $14.36. The price has been going up and down for this period, and there has been a 2.05% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately $16.57 million. 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 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 -7.18% during the next 3 months and, with a 90% probability hold a price between $12.33 and $14.71 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NEO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NeoGenomics 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 $14.18 and $14.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -8.28%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for NeoGenomics stock
NeoGenomics finds support from accumulated volume at $13.92 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 $0.85 between high and low, or 6.29%. For the last week, the stock has had daily average volatility of 7.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect NeoGenomics to open at $13.95, and during the day (based on 14 day Average True Range), to move between $13.20 and $14.72, which gives a possible trading interval of +/-$0.760 (+/-5.44%) up or down from last closing price. If NeoGenomics takes out the full calculated possible swing range there will be an estimated 10.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.92 (0.29%) than the resistance at $14.36 (2.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NeoGenomics stock A Buy?
NeoGenomics holds several negative signals and is within a 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: -3.130 Sell Candidate Upgraded
Predicted Opening Price for NeoGenomics of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $13.95 ( 0.0996%) | $13.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.80 | 5.99 % | |
| R2 | 14.47 | 3.66 % | ||
| R1 | 14.27 | 2.23 % | ||
| Current price: | 13.96 | |||
| Support | S1 | 13.62 | -2.42 % | |
| S2 | 13.42 | -3.86 % | ||
| S3 | 13.10 | -6.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.48 | 18.05 % | |
| R2 | 15.22 | 9.03 % | ||
| R1 | 14.36 | 2.87 % | ||
| Current price | 13.96 | |||
| Support | S1 | 13.92 | -0.287% | |
| S2 | 13.85 | -0.788% | ||
| S3 | 13.42 | -3.87% |
NEO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2020 | Dec 17, 2020 | Dec 30, 2020 | $0.400 | 0.738% |
FAQ
Click here for our free guide on how to buy NeoGenomics Stock.
