Red day on Wednesday for NV5 Global stock after losing 0.54%
(Updated on Dec 08, 2021)
Buy or Hold candidate since 2021-11-16 Gain 15.56% PDF
The NV5 Global stock price fell by -0.54% on the last day (Wednesday, 8th Dec 2021) from $129.37 to $128.67. During the day the stock fluctuated 2.30% from a day low at $128.50 to a day high of $131.46. The price has risen in 6 of the last 10 days and is up by 11.85% 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 -59 thousand shares and in total, 134 thousand shares were bought and sold for approximately $17.21 million.
The stock lies in the middle of a 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 26.7% during the next 3 months and, with a 90% probability hold a price between $146.00 and $170.02 at the end of this 3-month period.
Signals & Forecast
The NV5 Global 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 $129.17. On a fall, the stock will find some support from the long-term average at approximately $113.87. 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 Tuesday, November 30, 2021, and so far it has fallen -2.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
NV5 Global finds support from accumulated volume at $128.53 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.96 between high and low, or 2.30%. For the last week, the stock has had a daily average volatility of 2.98%.
Our recommended stop-loss: $123.42 (-4.08%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 6 days ago.)
Is NV5 Global 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 NV5 Global stock to perform well in the short-term.
Current score: 1.854
Predicted Opening Price for NV5 Global of Thursday, December 9, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 9, 2021||Current price|
Remember To Visit Our YouTube Channel
Robert W. Baird is very positive about NVEE and gave it a "Buy" rating on May 19, 2021. The price target was set to $115.00.
NVEE Insider Trading
|Nov 15, 2021||Sell||3 892||Hockman Alexander A.||Common Stock|
|Nov 15, 2021||Sell||752||Hockman Alexander A.||Common Stock|
|Nov 15, 2021||Sell||5 356||Hockman Alexander A.||Common Stock|
|Nov 12, 2021||Sell||2 898||Wright Dickerson||Common Stock|
|Nov 12, 2021||Sell||7 354||Wright Dickerson||Common Stock|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.