Nuwellis, Inc. Stock Forecast
Big movements in Nuwellis, Inc. stock price on Friday moving 20.54% between high and low
(Updated on May 10, 2024)
The Nuwellis, Inc. stock price fell by -8.09% on the last day (Friday, 10th May 2024) from $0.275 to $0.252. During the last trading day the stock fluctuated 20.54% from a day low at $0.236 to a day high of $0.284. The price has fallen in 6 of the last 10 days but is still up by 50.36% 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 -18 million shares and in total, 3 million shares were bought and sold for approximately $812.02 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.268 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -61.62% during the next 3 months and, with a 90% probability hold a price between $0.0324 and $0.103 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.
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NUWE 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 Nuwellis, 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 $0.306. On a fall, the stock will find some support from the short-term average at $0.230. 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 Thursday, May 09, 2024, and so far it has fallen -8.09%. 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 Nuwellis, Inc. stock
Nuwellis, Inc. finds support from accumulated volume at $0.252 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 $0.0484 between high and low, or 20.54%. For the last week the stock has had daily average volatility of 29.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUWE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Nuwellis, Inc. to open at $0.257, and during the day (based on 14 day Average True Range), to move between $0.187 and $0.318, which gives a possible trading interval of +/-$0.0655 (+/-25.98%) up or down from last closing price. If Nuwellis, Inc. takes out the full calculated possible swing range there will be an estimated 51.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.252 (0.08%) than the resistance at $0.263 (4.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Nuwellis, Inc. will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is -$1.06. We will update the financials statements for Nuwellis, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 17.22% in the first trading day after earnings release.
Is Nuwellis, Inc. stock A Buy?
Nuwellis, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.496 Sell Candidate Downgraded
Predicted Opening Price for Nuwellis, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.257 ( 1.98%) | $0.252 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUWE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.306 | 21.17 % | |
| R2 | 0.287 | 13.84 % | ||
| R1 | 0.276 | 9.31 % | ||
| Current price: | 0.252 | |||
| Support | S1 | 0.239 | -5.35 % | |
| S2 | 0.227 | -9.87 % | ||
| S3 | 0.209 | -17.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.289 | 14.55 % | |
| R2 | 0.275 | 8.80 % | ||
| R1 | 0.263 | 4.40 % | ||
| Current price | 0.252 | |||
| Support | S1 | 0.252 | -0.0793% | |
| S2 | 0.206 | -18.35% | ||
| S3 | 0 | . |
FAQ
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