RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MDWD
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MediWound Ltd. stock price fell more than -5.63% Thursday closing at $14.25
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The MediWound Ltd. stock price fell by -5.63% on the last day (Thursday, 28th Mar 2024) from $15.10 to $14.25. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 8.04% from a day low at $14.21 to a day high of $15.35. The price has fallen in 6 of the last 10 days and is down by -5.63% for this period. Volume has increased on the last day by 117 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 175 thousand shares were bought and sold for approximately $2.50 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.01 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.28% during the next 3 months and, with a 90% probability hold a price between $18.81 and $24.41 at the end of this 3-month period.

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MDWD Signals & Forecast

There are few to no technical positive signals at the moment. The MediWound Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $15.47 and $14.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -16.72%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for MediWound Ltd. stock

MediWound Ltd. finds support from accumulated volume at $14.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.14 between high and low, or 8.04%. For the last week, the stock has had daily average volatility of 6.47%.

MediWound Ltd. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (MDWD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MediWound Ltd. to open at $14.60, and during the day (based on 14 day Average True Range), to move between $13.43 and $15.07, which gives a possible trading interval of +/-$0.82 (+/-5.79%) up or down from last closing price. If MediWound Ltd. takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.00 (1.75%) than the resistance at $15.56 (9.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MediWound Ltd. stock A Buy?

The MediWound Ltd. stock holds several negative signals and despite the positive trend, we believe MediWound Ltd. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.

Current score: -5.448 Strong Sell Candidate Downgraded

Predicted Opening Price for MediWound Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$14.60 ( 2.47%) $14.25

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

Trading levels for MDWD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.74 10.49 %
R2 15.31 7.43 %
R1 15.04 5.54 %
Current price: 14.25
Support S1 14.17 -0.586 %
S2 13.90 -2.48 %
S3 13.46 -5.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.58 16.35 %
R2 15.97 12.07 %
R1 15.56 9.19 %
Current price 14.25
Support S1 14.00 -1.75%
S2 12.48 -12.42%
S3 11.25 -21.05%

FAQ

What is the symbol for MediWound Ltd. Stock and on which exchange is it traded?
The symbol for MediWound Ltd. is MDWD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell MediWound Ltd. Stock?
The MediWound Ltd. stock holds several negative signals and despite the positive trend, we believe MediWound Ltd. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.

How to buy MediWound Ltd. Stock?
MediWound Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MediWound Ltd. Stock.

What's the current price of MediWound Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an MediWound Ltd. (MDWD) share was $14.25.

What is the 52-week high and low for MediWound Ltd. Stock?
The 52-week high for MediWound Ltd. Stock is $17.25 and the 52-week low is $7.10.

What is the market capitalization of MediWound Ltd. Stock?
As of the 2024-03-28, the market capitalization of MediWound Ltd. is 135.257M.

When is the next earnings date for MediWound Ltd.?
The upcoming earnings date for MediWound Ltd. is Jun 04, 2024.
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About MediWound Ltd.

MediWound Ltd. MediWound Ltd., a biopharmaceutical company, develops, manufactures, and commercializes novel and bio-therapeutic solutions for tissue repair and regeneration. It markets NexoBrid, a biopharmaceutical product for the removal of eschar, a dead or damaged tissue in adults with deep partial- and full-thickness thermal burns to burn centers and hospitals burn units. The company also develops EscharEx, which has completed Phase II clinical trials for ... MDWD Profile

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