NanoString Technologies Stock Forecast
Red day on Wednesday for NanoString Technologies stock after losing 0%
(Updated on Mar 27, 2024)
No changes to the price of NanoString Technologies stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $0.105 to a day high of $0.105. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.140 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NSTG Signals & Forecast
There are mixed signals in the stock today. The NanoString Technologies 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 $0.105 and $0.109. 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 Tuesday, February 13, 2024, 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 NanoString Technologies stock
NanoString Technologies finds support from accumulated volume at $0.103 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 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.0990 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (NSTG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect NanoString Technologies to open at $0.105, and during the day (based on 14 day Average True Range), to move between $0.0925 and $0.118, which gives a possible trading interval of +/-$0.0128 (+/-12.15%) up or down from last closing price. If NanoString Technologies takes out the full calculated possible swing range there will be an estimated 24.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.103 (2.28%) than the resistance at $0.116 (10.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NanoString Technologies stock A Buy?
NanoString Technologies 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for NanoString Technologies of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.105 ( 0%) | $0.105 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSTG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.105 | . | |
R2 | 0.105 | . | ||
R1 | 0.105 | . | ||
Current price: | 0.105 | |||
Support | S1 | 0.105 | . | |
S2 | 0.105 | . | ||
S3 | 0.105 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0.116 | 10.35 % | ||
Current price | 0.105 | |||
Support | S1 | 0.103 | -2.28% | |
S2 | 0.0917 | -12.92% | ||
S3 | 0 | . |
FAQ
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