Nano-X Imaging Ltd. Stock Forecast
Green day on Friday for Nano-X Imaging Ltd.
(Updated on May 03, 2024)
The Nano-X Imaging Ltd. stock price gained 1.14% on the last trading day (Friday, 3rd May 2024), rising from $9.24 to $9.35. It has now gained 3 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 4.67% from a day low at $9.21 to a day high of $9.64. The price has risen in 7 of the last 10 days and is up by 8.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 602 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $10.84 million.
The stock lies in the middle of a very 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 12.37% during the next 3 months and, with a 90% probability hold a price between $7.75 and $16.06 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.
NNOX Signals & Forecast
There are mixed signals in the stock today. The Nano-X Imaging Ltd. 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 $9.81. On a fall, the stock will find some support from the short-term average at $9.08. 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. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -27.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Nano-X Imaging Ltd. stock
Nano-X Imaging Ltd. finds support from accumulated volume at $9.24 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 $0.430 between high and low, or 4.67%. For the last week, the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NNOX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nano-X Imaging Ltd. to open at $9.40, and during the day (based on 14 day Average True Range), to move between $8.72 and $9.97, which gives a possible trading interval of +/-$0.623 (+/-6.67%) up or down from last closing price. If Nano-X Imaging Ltd. takes out the full calculated possible swing range there will be an estimated 13.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.24 (1.12%) than the resistance at $9.50 (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nano-X Imaging Ltd. stock A Buy?
Nano-X Imaging Ltd. 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: -2.118 Sell Candidate Unchanged
Predicted Opening Price for Nano-X Imaging Ltd. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$9.40 ( 0.571%) | $9.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NNOX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.83 | 5.17 % | |
R2 | 9.66 | 3.41 % | ||
R1 | 9.56 | 2.33 % | ||
Current price: | 9.35 | |||
Support | S1 | 9.23 | -1.19 % | |
S2 | 9.13 | -2.27 % | ||
S3 | 8.97 | -4.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.61 | 24.24 % | |
R2 | 10.34 | 10.65 % | ||
R1 | 9.50 | 1.66 % | ||
Current price | 9.35 | |||
Support | S1 | 9.24 | -1.12% | |
S2 | 8.89 | -4.87% | ||
S3 | 8.62 | -7.76% |
FAQ
Click here for our free guide on how to buy Nano-X Imaging Ltd. Stock.