RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NVRO
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Green day on Thursday for Nevro Corp stock after gaining 0.139%
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.14% PDF

The Nevro Corp stock price gained 0.139% on the last trading day (Thursday, 28th Mar 2024), rising from $14.42 to $14.44. During the last trading day the stock fluctuated 2.94% from a day low at $14.28 to a day high of $14.70. The price has been going up and down for this period, and there has been a 3.88% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 54 thousand more shares were traded than the day before. In total, 332 thousand shares were bought and sold for approximately $4.79 million.

The stock lies the upper part of a 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 $14.64 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 -31.96% during the next 3 months and, with a 90% probability hold a price between $8.92 and $9.96 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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NVRO Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 6.49%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nevro Corp 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 $15.15. On a fall, the stock will find some support from the short-term average at $13.96. 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.

Support, Risk & Stop-loss for Nevro Corp stock

Nevro Corp finds support from accumulated volume at $14.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.420 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 3.70%.

Our recommended stop-loss: $13.83 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (NVRO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nevro Corp to open at $14.47, and during the day (based on 14 day Average True Range), to move between $13.71 and $15.17, which gives a possible trading interval of +/-$0.733 (+/-5.08%) up or down from last closing price. If Nevro Corp takes out the full calculated possible swing range there will be an estimated 10.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.34 (0.69%) than the resistance at $15.64 (8.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nevro Corp stock A Buy?

Nevro Corp 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.

Current score: -0.252 Hold/Accumulate Unchanged

Predicted Opening Price for Nevro Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$14.47 ( 0.231%) $14.44

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NVRO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.89 3.14 %
R2 14.73 2.03 %
R1 14.63 1.34 %
Current price: 14.44
Support S1 14.31 -0.88 %
S2 14.21 -1.57 %
S3 14.05 -2.68 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.65 15.30 %
R2 16.51 14.34 %
R1 15.64 8.31 %
Current price 14.44
Support S1 14.34 -0.693%
S2 14.09 -2.42%
S3 13.90 -3.74%

FAQ

What is the symbol for Nevro Corp Stock and on which exchange is it traded?
The symbol for Nevro Corp is NVRO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nevro Corp Stock?
Nevro Corp 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.

How to buy Nevro Corp Stock?
Nevro Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nevro Corp Stock.

What's the current price of Nevro Corp Stock?
As of the end of day on the 2024-03-28, the price of an Nevro Corp (NVRO) share was $14.44.

What is the 52-week high and low for Nevro Corp Stock?
The 52-week high for Nevro Corp Stock is $39.68 and the 52-week low is $13.39.

What is the market capitalization of Nevro Corp Stock?
As of the 2024-03-28, the market capitalization of Nevro Corp is 525.586M.

When is the next earnings date for Nevro Corp?
The upcoming earnings date for Nevro Corp is Apr 24, 2024.
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About Nevro Corp

Nevro Nevro Corp., a medical device company, provides products for patients suffering from chronic pain in the United States and internationally. The company develops and commercializes the Senza spinal cord stimulation system, an evidence-based neuromodulation platform for the treatment of chronic pain, as well as Senza II and Senza Omnia systems. It also provides 10 kHz Therapy, which delivers neuromodulation solutions for treating chronic pain based... NVRO Profile

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