Numerex Corp. Fund Forecast
Red day on Tuesday for Numerex Corp. fund after losing 0%
(Updated on Jan 16, 2018)
No changes to the price of Numerex Corp. fund on the last trading day (Tuesday, 16th Jan 2018). During the last trading day the fund fluctuated 0% from a day low at $3.83 to a day high of $3.83. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Numerex Corp. fund with a 90% probability to be traded between $3.43 and $4.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NMRX Signals & Forecast
There are mixed signals in the fund today. The Numerex Corp. fund 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 $3.83 and $3.86. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, December 06, 2017, and so far it has fallen 0%. 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 Numerex Corp. fund
Numerex Corp. finds support from accumulated volume at $3.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $3.60 (-6.00%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (NMRX) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Numerex Corp. to open at $3.83, and during the day (based on 14 day Average True Range), to move between $3.81 and $3.85, which gives a possible trading interval of +/-$0.0183 (+/-0.48%) up or down from last closing price. If Numerex Corp. takes out the full calculated possible swing range there will be an estimated 0.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.93 (2.61%) than the support at $3.70 (3.39%), 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 Numerex Corp. fund A Buy?
Numerex Corp. 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: 0.233 Hold/Accumulate Unchanged
Predicted Opening Price for Numerex Corp. of Wednesday, January 17, 2018
| Fair opening price January 17, 2018 | Current price |
|---|---|
| $3.83 ( 0%) | $3.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NMRX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.83 | . | |
| R2 | 3.83 | . | ||
| R1 | 3.83 | . | ||
| Current price: | 3.83 | |||
| Support | S1 | 3.83 | . | |
| S2 | 3.83 | . | ||
| S3 | 3.83 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.11 | 7.31 % | |
| R2 | 3.99 | 4.18 % | ||
| R1 | 3.93 | 2.61 % | ||
| Current price | 3.83 | |||
| Support | S1 | 3.70 | -3.39% | |
| S2 | 3.67 | -4.18% | ||
| S3 | 3.48 | -9.14% |
FAQ
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