NV5 Global Stock Forecast

Hold candidate since Jan 15, 2025

The NV5 Global stock price gained 0.444% on the last trading day (Wednesday, 15th Jan 2025), rising from $18.01 to $18.09. During the last trading day the stock fluctuated 3.53% from a day low at $17.97 to a day high of $18.60. The price has fallen in 6 of the last 10 days and is down by -3.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 270 thousand more shares were traded than the day before. In total, 643 thousand shares were bought and sold for approximately $11.63 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.91 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.68% during the next 3 months and, with a 90% probability hold a price between $13.85 and $16.09 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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NVEE Signals & Forecast

There are mixed signals in the stock today. The NV5 Global stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.52 and $19.85. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, January 14, 2025, and so far it has risen 0.444%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for NV5 Global stock

NV5 Global finds support from accumulated volume at $18.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.635 (3.53%) between high and low. For the last week, the stock has had daily average volatility of 4.22%.

Our recommended stop-loss: $16.99 (-6.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (NVEE) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect NV5 Global to open at $18.22, and during the day (based on 14 day Average True Range), to move between $17.45 and $18.73, which gives a possible trading interval of +/-$0.635 (+/-3.51%) up or down from last closing price. If NV5 Global takes out the full calculated possible swing range there will be an estimated 7.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.01 (0.44%) than the resistance at $18.84 (4.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NV5 Global stock A Buy?

NV5 Global 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.253 Hold/Accumulate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on January 16, 2025 - $18.22 ( 0.709%).