Nutex Health Inc. Stock Forecast

Nutex Health Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)

NUTX Signals & Forecast

The Nutex Health Inc. 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 $0.671. On a fall, the stock will find some support from the long-term average at approximately $0.301. 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 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -33.08%. Further fall is indicated until a new bottom pivot has been found. 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 Nutex Health Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.533. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0406 between high and low, or 6.23%. For the last week the stock has had daily average volatility of 10.54%.

Our recommended stop-loss: $0.616 (-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 11 days ago.)

Trading Expectations (NUTX) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Nutex Health Inc. to open at $0.666, and during the day (based on 14 day Average True Range), to move between $0.553 and $0.753, which gives a possible trading interval of +/-$0.100 (+/-15.35%) up or down from last closing price. If Nutex Health Inc. takes out the full calculated possible swing range there will be an estimated 30.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.690 (5.68%) than the support at $0.533 (18.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nutex Health Inc. stock A Buy?

Nutex Health 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: 0.862 Hold/Accumulate Downgraded

Predicted Opening Price for Nutex Health Inc. of Friday, April 26, 2024

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