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Stop-loss: $14.06 (-5.64%)
Key Stats
Beta 2.32
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 68 and the stock is currently not being overbought or oversold

High volatility in NeuroMetrix stock price on Friday which ended trading at $14.90 (Updated on July 30, 2021)


Buy candidate since 2021-07-23 Loss -28.95%

The NeuroMetrix stock price fell by -7.11% on the last day (Friday, 30th Jul 2021) from $16.04 to $14.90. and has now fallen 3 days in a row. During the day the stock fluctuated 15.42% from a day low at $13.82 to a day high of $15.95. The price has been going up and down for this period, and there has been a 361.3% gain 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 -661 thousand shares and in total, 2 million shares were bought and sold for approximately $26.12 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 75.03% during the next 3 months and, with a 90% probability hold a price between $8.52 and $45.16 at the end of this 3-month period.

Signals & Forecast

The NeuroMetrix stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $18.59. On a fall, the stock will find some support from the long-term average at approximately $7.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, July 22, 2021, and so far it has fallen -39.75%. 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $2.13 between high and low, or 15.42%. For the last week, the stock has had a daily average volatility of 23.47%.

Our recommended stop-loss: $14.06 (-5.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 day(s) ago.)

Is NeuroMetrix stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NeuroMetrix stock to perform well in the short-term.

Current score: 2.079

Predicted Opening Price for NeuroMetrix of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$14.89 $14.90 (Overvalued)
Buy Candidate Unchanged

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Volatility
23.47 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $17.48
Price: $14.90
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 17.02 14.23 %
16.21 8.77 %
15.70 5.39 %
Current price: 14.90
Support 14.08 -5.53 %
13.57 -8.91 %
12.76 -14.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 18.15 21.81 %
17.84 19.73 %
17.48 17.32 %
Current price 14.90
Support 0 .
0 .
0 .

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About NeuroMetrix

NeuroMetrix NeuroMetrix, Inc., a medical device company, develops and markets products for the detection, diagnosis, and monitoring of peripheral nerve and spinal cord disorders, such as those associated with carpal tunnel syndrome, lumbosacral disc disease and spinal stenosis, and diabetes. The company develops wearable medical technology and point-of-care tests that help patients and physicians manage chronic pain, nerve diseases, and sleep disorders. Its ... Read more

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