RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NMRD
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Big movements in Nemaura Medical Inc. stock price on Wednesday moving 31.46% between high and low
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 22, 2024 Loss -5.56% PDF

The Nemaura Medical Inc. stock price fell by -5.48% on the last day (Wednesday, 27th Mar 2024) from $0.0847 to $0.0801. During the last trading day the stock fluctuated 31.46% from a day low at $0.0801 to a day high of $0.105. The price has fallen in 5 of the last 10 days but is still up by 4.03% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately $368.86 .

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 $0.0658 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.47% during the next 3 months and, with a 90% probability hold a price between $0.0536 and $0.160 at the end of this 3-month period.

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NMRD Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 9.43%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nemaura Medical 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 $0.0808 and $0.0817. A break-up above any of these levels will issue buy signals. Nemaura Medical Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Nemaura Medical Inc. stock

Nemaura Medical Inc. finds support from accumulated volume at $0.0800 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 $0.0252 between high and low, or 31.46%. For the last week, the stock has had daily average volatility of 18.16%.

Our recommended stop-loss: $0.0777 (-2.96%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (NMRD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Nemaura Medical Inc. to open at $0.0885, and during the day (based on 14 day Average True Range), to move between $0.0651 and $0.0951, which gives a possible trading interval of +/-$0.0150 (+/-18.68%) up or down from last closing price. If Nemaura Medical Inc. takes out the full calculated possible swing range there will be an estimated 37.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0800 (0.12%) than the resistance at $0.0900 (12.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nemaura Medical Inc. stock A Buy?

Nemaura Medical Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.990 Hold/Accumulate Downgraded

Predicted Opening Price for Nemaura Medical Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.0885 ( 10.49%) $0.0801

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

Trading levels for NMRD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.114 41.95 %
R2 0.104 29.93 %
R1 0.0981 22.50 %
Current price: 0.0801
Support S1 0.0789 -1.53 %
S2 0.0729 -8.96 %
S3 0.0633 -20.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.100 24.84 %
R2 0.0925 15.48 %
R1 0.0900 12.36 %
Current price 0.0801
Support S1 0.0800 -0.125%
S2 0.0775 -3.25%
S3 0.0750 -6.37%

FAQ

What is the symbol for Nemaura Medical Inc. Stock and on which exchange is it traded?
The symbol for Nemaura Medical Inc. is NMRD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Nemaura Medical Inc. Stock?
Nemaura Medical Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Nemaura Medical Inc. Stock?
Nemaura Medical Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nemaura Medical Inc. Stock.

What's the current price of Nemaura Medical Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Nemaura Medical Inc. (NMRD) share was $0.0801.

What is the 52-week high and low for Nemaura Medical Inc. Stock?
The 52-week high for Nemaura Medical Inc. Stock is $1.25 and the 52-week low is $0.0680.

What is the market capitalization of Nemaura Medical Inc. Stock?
As of the 2024-03-27, the market capitalization of Nemaura Medical Inc. is 2.315M.

When is the next earnings date for Nemaura Medical Inc.?
The upcoming earnings date for Nemaura Medical Inc. is Jul 12, 2024.
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About Nemaura Medical Inc.

Nemaura Medical. Nemaura Medical Inc., a medical technology company, discovers, develops, and commercializes diagnostic medical devices. It provides sugarBEAT, a non-invasive continuous glucose monitoring device for use by persons with Type I and Type II diabetes, as well as screen pre-diabetic patients. The company also offers proBEAT, a wellness guidance notes, that provide prompts and educate users on factors affecting blood sugar profiles, as well as conducts... NMRD Profile

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