Helius Medical Technologies, Inc. Stock Forecast
A very red day for Helius Medical Technologies, Inc. stock price after a -7.79% fall in the Thursday trading session
(Updated on Apr 25, 2024)
The Helius Medical Technologies, Inc. stock price fell by -7.79% on the last day (Thursday, 25th Apr 2024) from $4.82 to $4.44. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 9.23% from a day low at $4.44 to a day high of $4.85. The price has fallen in 8 of the last 10 days and is down by -26% 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 -4 thousand shares and in total, 14 thousand shares were bought and sold for approximately $59.94 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 -15.84% during the next 3 months and, with a 90% probability hold a price between $3.09 and $5.20 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HSDT Signals & Forecast
There are few to no technical positive signals at the moment. The Helius Medical Technologies, 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 $4.96 and $5.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -31.48%. Further fall is indicated until a new bottom pivot has been found. 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 Helius Medical Technologies, Inc. stock
Helius Medical Technologies, Inc. finds support from accumulated volume at $4.42 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 $0.410 between high and low, or 9.23%. For the last week the stock has had daily average volatility of 6.22%.
Helius Medical Technologies, Inc. is oversold on RSI14 (14). 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 (HSDT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Helius Medical Technologies, Inc. to open at $4.58, and during the day (based on 14 day Average True Range), to move between $4.04 and $4.84, which gives a possible trading interval of +/-$0.399 (+/-8.99%) up or down from last closing price. If Helius Medical Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 17.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.42 (0.45%) than the resistance at $4.56 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Helius Medical Technologies, Inc. stock A Buy?
Helius Medical Technologies, 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: -7.583 Strong Sell Candidate Downgraded
Predicted Opening Price for Helius Medical Technologies, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $4.58 ( 3.08%) | $4.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSDT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.99 | 12.31 % | |
| R2 | 4.83 | 8.78 % | ||
| R1 | 4.73 | 6.60 % | ||
| Current price: | 4.44 | |||
| Support | S1 | 4.42 | -0.449 % | |
| S2 | 4.32 | -2.63 % | ||
| S3 | 4.17 | -6.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.51 | 24.10 % | |
| R2 | 5.32 | 19.82 % | ||
| R1 | 4.56 | 2.70 % | ||
| Current price | 4.44 | |||
| Support | S1 | 4.42 | -0.450% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Helius Medical Technologies, Inc. Stock.
