icad inc. Stock Forecast
icad inc. stock price ended at $1.56 on Wednesday, after losing 2.50%.
(Updated on Apr 17, 2024)
The icad inc. stock price fell by -2.50% on the last day (Wednesday, 17th Apr 2024) from $1.60 to $1.56. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 9.03% from a day low at $1.55 to a day high of $1.69. The price has fallen in 8 of the last 10 days and is down by -17.89% 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 -43 thousand shares and in total, 87 thousand shares were bought and sold for approximately $135.35 thousand.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $1.59. A reaction back to this level may hold a second chance to get out before further falls.
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ICAD Signals & Forecast
There are mixed signals in the stock today. The icad 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 $1.67 and $1.70. 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. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 4.70%. 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 icad inc. stock
icad inc. finds support from accumulated volume at $1.49 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 $0.140 between high and low, or 9.03%. For the last week the stock has had daily average volatility of 6.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICAD) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect icad inc. to open at $1.60, and during the day (based on 14 day Average True Range), to move between $1.41 and $1.71, which gives a possible trading interval of +/-$0.147 (+/-9.44%) up or down from last closing price. If icad inc. takes out the full calculated possible swing range there will be an estimated 18.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.63 (4.49%) than the support at $1.49 (4.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is icad inc. stock A Buy?
icad inc. 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: -1.031 Sell Candidate Unchanged
Predicted Opening Price for icad inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $1.60 ( 2.56%) | $1.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICAD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.74 | 11.54 % | |
| R2 | 1.69 | 8.11 % | ||
| R1 | 1.65 | 5.99 % | ||
| Current price: | 1.56 | |||
| Support | S1 | 1.55 | -0.86 % | |
| S2 | 1.51 | -2.98 % | ||
| S3 | 1.46 | -6.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.80 | 15.38 % | |
| R2 | 1.76 | 12.82 % | ||
| R1 | 1.63 | 4.49 % | ||
| Current price | 1.56 | |||
| Support | S1 | 1.49 | -4.49% | |
| S2 | 1.40 | -10.26% | ||
| S3 | 1.35 | -13.46% |
FAQ
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