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NRx Pharmaceuticals, Inc. Stock Forecast NASDAQ:NRXP

$5.94 (-7.33%)

Volume: 1M

Closed: Dec 08, 2021

Hollow Logo Score: -5.142

NRx Pharmaceuticals, Inc. Stock Forecast

$5.94 (-7.33%)

Volume: 1M

Closed: Dec 08, 2021

Score Hollow Logo -5.142
Which way will NRXP go? Request

NRXP Stock Risk

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 $0.72 between high and low, or 12.22%. For the last week, the stock has had a daily average volatility of 17.40%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 80 ] RSI14 is 53 and the stock is currently not being overbought or oversold

Big movements in NRx Pharmaceuticals, Inc. stock price on Wednesday moving 12.22% between high and low
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-08

The NRx Pharmaceuticals, Inc. stock price fell by -7.33% on the last day (Wednesday, 8th Dec 2021) from $6.41 to $5.94. During the day the stock fluctuated 12.22% from a day low at $5.89 to a day high of $6.61. The price has risen in 5 of the last 10 days and is up by 32% over the past 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 -395 thousand shares and in total, 1 million shares were bought and sold for approximately $7.80 million.

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 -42.06% during the next 3 months and, with a 90% probability hold a price between $1.66 and $4.80 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.

Signals & Forecast

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 NRx Pharmaceuticals, 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 $6.13 and $7.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 29, 2021, and so far it has fallen -26.67%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $5.50 and $5.00. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NRx Pharmaceuticals, Inc. finds support just below today's level at $5.50. If this is broken, then the next support from accumulated volume will be at $5.00 and $4.50.

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 $0.72 between high and low, or 12.22%. For the last week, the stock has had a daily average volatility of 17.40%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is NRx Pharmaceuticals, Inc. stock A Buy?

NRx Pharmaceuticals, Inc. holds several negative signals and is within a very 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.

Current score: -5.142

Predicted Opening Price for NRx Pharmaceuticals, Inc. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$6.15 $5.94 (Undervalued)
Strong Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 17.40 %
Overall Risk: Very High High Medium Low Very Low
Volatility
17.40 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.65
Price: $5.94
Support: $5.50

NRXP Insider Trading Show all Trades

INSIDER POWER

11.251

Last 40 transactions
Buy: 31 769 030 | Sell: 2 823 758 (Shares)
Date Action Amount Person Type
Sep 15, 2021 Sell 36 290 Besthof Robert Restricted Stock Units
Sep 15, 2021 Sell 100 000 Besthof Robert Employee Stock Option (Right to buy)
Sep 15, 2021 Sell 40 000 Besthof Robert Common Stock
Sep 02, 2021 Buy 7 502 Daigneault Alessandra Restricted Stock Units
Sep 02, 2021 Buy 10 496 Daigneault Alessandra Restricted Stock Units
Show all Insider Trades
INSIDER POWER

11.251

Last 40 transactions
Buy: 31 769 030 | Sell: 2 823 758 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 6.87 15.60 %
6.59 10.97 %
6.42 8.11 %
Current price: 5.94
Support 5.87 -1.15 %
5.70 -4.01 %
5.43 -8.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 6.75 13.64 %
6.68 12.46 %
6.65 11.95 %
Current price 5.94
Support 5.50 -7.41%
5.00 -15.82%
4.50 -24.24%

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