Stereotaxis Stock Forecast
Stereotaxis stock price down 0% on Tuesday
(Updated on May 07, 2024)
No changes to the price of Stereotaxis stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 6.67% from a day low at $2.25 to a day high of $2.40. The price has fallen in 5 of the last 10 days and is down by -12.11% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.39% during the next 3 months and, with a 90% probability hold a price between $1.93 and $2.75 at the end of this 3-month period.
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STXS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Stereotaxis 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 $2.31 and $2.59. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Stereotaxis 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 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 $0.150 between high and low, or 6.67%. For the last week the stock has had daily average volatility of 5.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STXS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Stereotaxis to open at $2.30, and during the day (based on 14 day Average True Range), to move between $2.10 and $2.40, which gives a possible trading interval of +/-$0.152 (+/-6.75%) up or down from last closing price. If Stereotaxis takes out the full calculated possible swing range there will be an estimated 13.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.43, some $0.180 (8.00%) from the current price of $2.25, our system finds the risk reward not very attractive.
Earnings coming up
Stereotaxis will release earnings AMC on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0700. We will update the financials statements for Stereotaxis, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 18.59% in the first trading day after earnings release.
Is Stereotaxis stock A Buy?
Stereotaxis 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.
Current score: -4.272 Sell Candidate Unchanged
Predicted Opening Price for Stereotaxis of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $2.30 ( 2.22%) | $2.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STXS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.45 | 8.89 % | |
| R2 | 2.39 | 6.34 % | ||
| R1 | 2.36 | 4.77 % | ||
| Current price: | 2.25 | |||
| Support | S1 | 2.24 | -0.324 % | |
| S2 | 2.21 | -1.90 % | ||
| S3 | 2.15 | -4.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.70 | 20.00 % | |
| R2 | 2.48 | 10.22 % | ||
| R1 | 2.43 | 8.00 % | ||
| Current price | 2.25 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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