TherapeuticsMD Stock Forecast

Red day on Thursday for TherapeuticsMD
(Updated on Apr 25, 2024)

TXMD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.538%. 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 TherapeuticsMD 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 $1.88 and $2.16. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for TherapeuticsMD stock

TherapeuticsMD finds support from accumulated volume at $1.86 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 $0.0400 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 3.35%.

TherapeuticsMD is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TXMD) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect TherapeuticsMD Inc to open at $1.88, and during the day (based on 14 day Average True Range), to move between $1.77 and $1.97, which gives a possible trading interval of +/-$0.104 (+/-5.59%) up or down from last closing price. If TherapeuticsMD Inc takes out the full calculated possible swing range there will be an estimated 11.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.86 (0.53%) than the resistance at $2.15 (14.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is TherapeuticsMD Inc stock A Buy?

TherapeuticsMD 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: -2.258 Sell Candidate Unchanged

Predicted Opening Price for TherapeuticsMD Inc of Friday, April 26, 2024

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