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 NCSM
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NCS Multistage Holdings Inc stock price ended at $16.03 on Wednesday, after gaining 0.125%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -0.31% PDF

The NCS Multistage Holdings Inc stock price gained 0.125% on the last trading day (Wednesday, 27th Mar 2024), rising from $16.01 to $16.03. During the last trading day the stock fluctuated 3.32% from a day low at $15.97 to a day high of $16.50. The price has risen in 5 of the last 10 days and is up by 3.42% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 660 shares were bought and sold for approximately $10.58 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $16.01, a level that may pose a second chance to hit a runner. According to fan-theory $17.90 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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NCSM Signals & Forecast

The NCS Multistage Holdings 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 $15.95 and $15.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 8.68%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Thursday, February 29, 2024 and based on theory for this formation the price should go up by 2.04% to $16.36 within 28 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for NCS Multistage Holdings Inc stock

NCS Multistage Holdings Inc finds support from accumulated volume at $15.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.530 between high and low, or 3.32%. For the last week the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: $15.21 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect NCS Multistage Holdings Inc to open at $16.17, and during the day (based on 14 day Average True Range), to move between $15.57 and $16.49, which gives a possible trading interval of +/-$0.464 (+/-2.89%) up or down from last closing price. If NCS Multistage Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.05 (0.12%) than the support at $15.77 (1.62%), 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 NCS Multistage Holdings Inc stock A Buy?

NCS Multistage Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.654 Hold/Accumulate Unchanged

Predicted Opening Price for NCS Multistage Holdings Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$16.17 ( 0.85%) $16.03

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

Trading levels for NCSM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.70 4.16 %
R2 16.49 2.90 %
R1 16.37 2.12 %
Current price: 16.03
Support S1 15.96 -0.410 %
S2 15.84 -1.19 %
S3 15.64 -2.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.08 0.312 %
R2 16.07 0.250 %
R1 16.05 0.125 %
Current price 16.03
Support S1 15.77 -1.62%
S2 15.76 -1.68%
S3 15.50 -3.31%

FAQ

What is the symbol for NCS Multistage Holdings Inc Stock and on which exchange is it traded?
The symbol for NCS Multistage Holdings Inc is NCSM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NCS Multistage Holdings Inc Stock?
NCS Multistage Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy NCS Multistage Holdings Inc Stock?
NCS Multistage Holdings 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 NCS Multistage Holdings Inc Stock.

What's the current price of NCS Multistage Holdings Inc Stock?
As of the end of day on the 2024-03-27, the price of an NCS Multistage Holdings Inc (NCSM) share was $16.03.

What is the 52-week high and low for NCS Multistage Holdings Inc Stock?
The 52-week high for NCS Multistage Holdings Inc Stock is $23.86 and the 52-week low is $12.02.

What is the market capitalization of NCS Multistage Holdings Inc Stock?
As of the 2024-03-27, the market capitalization of NCS Multistage Holdings Inc is 39.796M.

When is the next earnings date for NCS Multistage Holdings Inc?
The upcoming earnings date for NCS Multistage Holdings Inc is May 07, 2024.
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