OptiNose Inc. Stock Forecast
Big movements in OptiNose Inc. stock price on Friday moving 14.20% between high and low
(Updated on Apr 26, 2024)
The OptiNose Inc. stock price fell by -4.93% on the last day (Friday, 26th Apr 2024) from $0.91 to $0.86. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 14.20% from a day low at $0.80 to a day high of $0.91. The price has fallen in 9 of the last 10 days and is down by -29.48% for this period. 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 -20 million shares and in total, 3 million shares were bought and sold for approximately $2.69 million.
Given the current short-term trend, the stock is expected to fall -15.50% during the next 3 months and, with a 90% probability hold a price between $0.727 and $1.51 at the end of this 3-month period.
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OPTN Signals & Forecast
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. The OptiNose Inc. 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 $0.93 and $1.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -55.53%. 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 for OptiNose Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.114 between high and low, or 14.20%. For the last week, the stock has had daily average volatility of 19.65%.
OptiNose Inc. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OPTN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect OptiNose Inc. to open at $0.86, and during the day (based on 14 day Average True Range), to move between $0.738 and $0.98, which gives a possible trading interval of +/-$0.122 (+/-14.21%) up or down from last closing price. If OptiNose Inc. takes out the full calculated possible swing range there will be an estimated 28.43% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.91, some $0.0446 (5.18%) from the current price of $0.86, our system finds the risk reward not very attractive.
Is OptiNose Inc. stock A Buy?
OptiNose Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.440 Strong Sell Candidate Downgraded
Predicted Opening Price for OptiNose Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.86 ( 0.279%) | $0.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OPTN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.97 | 12.92 % | |
| R2 | 0.93 | 7.88 % | ||
| R1 | 0.90 | 4.76 % | ||
| Current price: | 0.86 | |||
| Support | S1 | 0.81 | -5.32 % | |
| S2 | 0.788 | -8.44 % | ||
| S3 | 0.744 | -13.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 19.71 % | |
| R2 | 0.97 | 12.47 % | ||
| R1 | 0.91 | 5.18 % | ||
| Current price | 0.86 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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