Nutex Health Inc. Stock Forecast
Red day on Monday for Nutex Health Inc.
(Updated on May 06, 2024)
The Nutex Health Inc. stock price fell by -1.06% on the last day (Monday, 6th May 2024) from $0.680 to $0.673. During the last trading day the stock fluctuated 6.80% from a day low at $0.660 to a day high of $0.705. The price has been going up and down for this period, and there has been a -2.44% 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 -11 thousand shares and in total, 172 thousand shares were bought and sold for approximately $115.94 thousand.
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 140.13% during the next 3 months and, with a 90% probability hold a price between $0.702 and $2.83 at the end of this 3-month period.
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NUTX Signals & Forecast
The Nutex Health Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.642 and $0.409. A breakdown below any of these levels will issue sell signals. 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 -31.06%. Further fall is indicated until a new bottom pivot has been found. 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 Nutex Health Inc. stock
Nutex Health Inc. finds support from accumulated volume at $0.671 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0449 between high and low, or 6.80%. For the last week the stock has had daily average volatility of 7.92%.
Our recommended stop-loss: $0.637 (-5.30%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (NUTX) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Nutex Health Inc. to open at $0.679, and during the day (based on 14 day Average True Range), to move between $0.589 and $0.756, which gives a possible trading interval of +/-$0.0832 (+/-12.36%) up or down from last closing price. If Nutex Health Inc. takes out the full calculated possible swing range there will be an estimated 24.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.671 (0.25%) than the resistance at $0.690 (2.59%), 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?
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 Nutex Health Inc. stock to perform well in the short-term.
Current score: 1.559 Buy Candidate Unchanged
Predicted Opening Price for Nutex Health Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.679 ( 0.98%) | $0.673 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUTX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.724 | 7.65 % | |
| R2 | 0.707 | 5.10 % | ||
| R1 | 0.696 | 3.53 % | ||
| Current price: | 0.673 | |||
| Support | S1 | 0.662 | -1.57 % | |
| S2 | 0.651 | -3.15 % | ||
| S3 | 0.634 | -5.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.756 | 12.38 % | |
| R2 | 0.698 | 3.78 % | ||
| R1 | 0.690 | 2.59 % | ||
| Current price | 0.673 | |||
| Support | S1 | 0.671 | -0.253% | |
| S2 | 0.662 | -1.52% | ||
| S3 | 0.533 | -20.70% |
FAQ
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