Nutex Health Inc. Stock Forecast

Big movements in Nutex Health Inc. stock price on Tuesday moving 13.29% between high and low
(Updated on Jul 02, 2024)

NUTX 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 Nutex Health 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 $0.636. On a fall, the stock will find some support from the short-term average at $0.581. 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 Wednesday, April 10, 2024, and so far it has fallen -39.52%. 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 $0.540 and $0.539. There is a 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, Nutex Health Inc. finds support just below today's level at $0.540. If this is broken, then the next support from accumulated volume will be at $0.539 and $0.533.

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 $0.0731 between high and low, or 13.29%. For the last week the stock has had daily average volatility of 10.59%.

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

Trading Expectations (NUTX) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Nutex Health Inc. to open at $0.588, and during the day (based on 14 day Average True Range), to move between $0.530 and $0.650, which gives a possible trading interval of +/-$0.0598 (+/-10.14%) up or down from last closing price. If Nutex Health Inc. takes out the full calculated possible swing range there will be an estimated 20.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.540 (8.47%) than the resistance at $0.671 (13.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nutex Health Inc. stock A Buy?

Nutex Health Inc. 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: -3.682 Sell Candidate Unchanged

Predicted Opening Price for Nutex Health Inc. of Wednesday, July 3, 2024

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