Ekso Bionics Holdings Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ekso Bionics Holdings stock price down 3.76% on Wednesday
(Updated on Apr 17, 2024)
The Ekso Bionics Holdings stock price fell by -3.76% on the last day (Wednesday, 17th Apr 2024) from $1.33 to $1.28. During the last trading day the stock fluctuated 8.00% from a day low at $1.25 to a day high of $1.35. The price has been going up and down for this period, and there has been a -11.11% loss for the last 2 weeks. 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 -65 thousand shares and in total, 58 thousand shares were bought and sold for approximately $74.39 thousand.
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 -42.39% during the next 3 months and, with a 90% probability hold a price between $0.673 and $0.88 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.
EKSO Signals & Forecast
There are mixed signals in the stock today. The Ekso Bionics Holdings 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 $1.34 and $1.47. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 1.59%. 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).
Support, Risk & Stop-loss for Ekso Bionics Holdings stock
Ekso Bionics Holdings finds support from accumulated volume at $1.26 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.100 between high and low, or 8.00%. For the last week the stock has had daily average volatility of 8.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EKSO) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Ekso Bionics Holdings to open at $1.29, and during the day (based on 14 day Average True Range), to move between $1.16 and $1.40, which gives a possible trading interval of +/-$0.125 (+/-9.73%) up or down from last closing price. If Ekso Bionics Holdings takes out the full calculated possible swing range there will be an estimated 19.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.26 (1.56%) than the resistance at $1.36 (6.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ekso Bionics Holdings will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.160. We will update the financials statements for Ekso Bionics Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.51% in the first trading day after earnings release.
Is Ekso Bionics Holdings stock A Buy?
Ekso Bionics Holdings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.354 Sell Candidate Unchanged
Predicted Opening Price for Ekso Bionics Holdings of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $1.29 ( 1.04%) | $1.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKSO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.39 | 8.85 % | |
| R2 | 1.36 | 5.87 % | ||
| R1 | 1.33 | 4.03 % | ||
| Current price: | 1.28 | |||
| Support | S1 | 1.26 | -1.94 % | |
| S2 | 1.23 | -3.79 % | ||
| S3 | 1.19 | -6.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.58 | 23.44 % | |
| R2 | 1.40 | 9.37 % | ||
| R1 | 1.36 | 6.25 % | ||
| Current price | 1.28 | |||
| Support | S1 | 1.26 | -1.56% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Ekso Bionics Holdings Stock.
