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 MODN
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Model N Inc stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 6.51% PDF

The Model N Inc stock price gained 0.582% on the last trading day (Wednesday, 27th Mar 2024), rising from $27.50 to $27.66. During the last trading day the stock fluctuated 2.86% from a day low at $27.61 to a day high of $28.40. The price has risen in 8 of the last 10 days and is up by 7.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 77 thousand more shares were traded than the day before. In total, 321 thousand shares were bought and sold for approximately $8.89 million.

The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $27.53, a level that may pose a second chance to hit a runner. According to fan-theory $32.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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MODN Signals & Forecast

Mostly positive signals in the chart today. The Model N Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $26.96 and $25.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 16.02%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Model N Inc stock

Model N Inc finds support from accumulated volume at $27.50 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 $0.790 between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 2.60%.

The Model N Inc stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $26.54 (-4.06%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (MODN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Model N Inc to open at $27.89, and during the day (based on 14 day Average True Range), to move between $26.90 and $28.42, which gives a possible trading interval of +/-$0.757 (+/-2.74%) up or down from last closing price. If Model N Inc takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.72 (0.22%) than the support at $27.50 (0.58%), 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 Model N Inc stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.027 Buy Candidate Upgraded

Predicted Opening Price for Model N Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$27.89 ( 0.83%) $27.66

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

Trading levels for MODN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 28.68 3.69 %
R2 28.38 2.60 %
R1 28.19 1.92 %
Current price: 27.66
Support S1 27.59 -0.260 %
S2 27.40 -0.93 %
S3 27.10 -2.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 28.15 1.77 %
R2 27.78 0.434 %
R1 27.72 0.217 %
Current price 27.66
Support S1 27.50 -0.578%
S2 26.80 -3.11%
S3 25.05 -9.44%

FAQ

What is the symbol for Model N Inc Stock and on which exchange is it traded?
The symbol for Model N Inc is MODN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Model N Inc Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Model N Inc Stock?
As of the end of day on the 2024-03-27, the price of an Model N Inc (MODN) share was $27.66.

What is the 52-week high and low for Model N Inc Stock?
The 52-week high for Model N Inc Stock is $35.96 and the 52-week low is $20.90.

What is the market capitalization of Model N Inc Stock?
As of the 2024-03-27, the market capitalization of Model N Inc is 1.08B.

When is the next earnings date for Model N Inc?
The upcoming earnings date for Model N Inc is May 14, 2024.
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About Model N Inc

Model N Model N, Inc. provides cloud revenue management solutions for life sciences and high-tech companies. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of ... MODN Profile

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