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$128.67 (-0.54%)

Volume: 134k

Closed: Dec 08, 2021

Hollow Logo Score: 1.854

NV5 Global Stock Forecast

$128.67 (-0.54%)

Volume: 134k

Closed: Dec 08, 2021

Score Hollow Logo 1.854
Which way will NVEE go? Request
Stop-loss: $123.42 (-4.08%)
Key Stats
Beta 0.79
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The NV5 Global stock holds an RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

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%

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
$129.54 $128.67 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

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.

Volatility and Risk
Daily Average Volatility: 2.98 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.98 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $129.43
Price: $128.67
Support: $128.53

NVEE Insider Trading Show all Trades

INSIDER POWER

0.385

Last 100 transactions
Buy: 116 866 | Sell: 303 334 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades
INSIDER POWER

0.385

Last 100 transactions
Buy: 116 866 | Sell: 303 334 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 132.50 2.98 %
131.37 2.10 %
130.67 1.56 %
Current price: 128.67
Support 128.41 -0.20 %
127.72 -0.74 %
126.58 -1.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 131.50 2.20 %
131.46 2.17 %
129.43 0.59 %
Current price 128.67
Support 128.53 -0.11%
128.00 -0.52%
127.73 -0.73%

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About NV5 Global

NV5 Global NV5 Global, Inc. provides professional and technical engineering, and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States. The company offers infrastructure, engineering, and support services, including site selection, design, and construction and program management in water resources, transportation, structural engineering, land develop... Read more

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