Novo Integrated Sciences, Inc. Stock Forecast
Novo Integrated Sciences, Inc. stock price ended at $0.526 on Thursday, after gaining 0.114%.
(Updated on Apr 25, 2024)
The Novo Integrated Sciences, Inc. stock price gained 0.114% on the last trading day (Thursday, 25th Apr 2024), rising from $0.525 to $0.526. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.37% from a day low at $0.503 to a day high of $0.550. The price has risen in 6 of the last 10 days and is up by 4.91% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 443 thousand shares were bought and sold for approximately $232.99 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -36.51% during the next 3 months and, with a 90% probability hold a price between $0.235 and $0.364 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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NVOS Signals & Forecast
The Novo Integrated Sciences, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.501 and $0.520. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 16.49%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Novo Integrated Sciences, Inc. stock
Novo Integrated Sciences, Inc. finds support from accumulated volume at $0.515 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0471 between high and low, or 9.37%. For the last week the stock has had daily average volatility of 13.99%.
Our recommended stop-loss: $0.508 (-3.36%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (NVOS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Novo Integrated Sciences, Inc. to open at $0.526, and during the day (based on 14 day Average True Range), to move between $0.452 and $0.600, which gives a possible trading interval of +/-$0.0739 (+/-14.06%) up or down from last closing price. If Novo Integrated Sciences, Inc. takes out the full calculated possible swing range there will be an estimated 28.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.515 (2.02%) than the resistance at $0.550 (4.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Novo Integrated Sciences, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.455 Buy Candidate Unchanged
Predicted Opening Price for Novo Integrated Sciences, Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.526 ( 0.108%) | $0.526 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.573 | 9.07 % | |
R2 | 0.555 | 5.65 % | ||
R1 | 0.544 | 3.53 % | ||
Current price: | 0.526 | |||
Support | S1 | 0.508 | -3.32 % | |
S2 | 0.497 | -5.43 % | ||
S3 | 0.479 | -8.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.611 | 16.25 % | |
R2 | 0.606 | 15.28 % | ||
R1 | 0.550 | 4.64 % | ||
Current price | 0.526 | |||
Support | S1 | 0.515 | -2.02% | |
S2 | 0.499 | -5.06% | ||
S3 | 0.451 | -14.16% |
FAQ
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