NeuroPace, Inc. Stock Forecast
NeuroPace, Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The NeuroPace, Inc. stock price fell by -1.87% on the last day (Friday, 3rd May 2024) from $13.90 to $13.64. During the last trading day the stock fluctuated 4.57% from a day low at $13.57 to a day high of $14.19. The price has been going up and down for this period, and there has been a -2.43% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 43 thousand shares were bought and sold for approximately $585.61 thousand.
The stock lies in the middle of a very 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 -17.22% during the next 3 months and, with a 90% probability hold a price between $9.33 and $12.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NPCE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NeuroPace, 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 $13.66. On a fall, the stock will find some support from the short-term average at $13.49. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for NeuroPace, Inc. stock
NeuroPace, Inc. finds support from accumulated volume at $13.63 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 $0.620 between high and low, or 4.57%. For the last week the stock has had daily average volatility of 6.59%.
Our recommended stop-loss: $13.02 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (NPCE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect NeuroPace, Inc. to open at $13.80, and during the day (based on 14 day Average True Range), to move between $12.80 and $14.48, which gives a possible trading interval of +/-$0.84 (+/-6.13%) up or down from last closing price. If NeuroPace, Inc. takes out the full calculated possible swing range there will be an estimated 12.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.63 (0.07%) than the resistance at $13.98 (2.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
NeuroPace, Inc. will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.320. We will update the financials statements for NeuroPace, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.39% in the first trading day after earnings release.
Is NeuroPace, Inc. stock A Buy?
NeuroPace, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.746 Hold/Accumulate Downgraded
Predicted Opening Price for NeuroPace, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $13.80 ( 1.17%) | $13.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NPCE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.42 | 5.72 % | |
| R2 | 14.18 | 3.98 % | ||
| R1 | 14.04 | 2.91 % | ||
| Current price: | 13.64 | |||
| Support | S1 | 13.56 | -0.563 % | |
| S2 | 13.42 | -1.64 % | ||
| S3 | 13.18 | -3.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.33 | 12.39 % | |
| R2 | 14.51 | 6.34 % | ||
| R1 | 13.98 | 2.49 % | ||
| Current price | 13.64 | |||
| Support | S1 | 13.63 | -0.0733% | |
| S2 | 13.50 | -1.03% | ||
| S3 | 13.45 | -1.39% |
FAQ
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