OptiNose Inc. Stock Forecast
OptiNose Inc. stock price ended at $1.19 on Monday, after losing 2.46%.
(Updated on Apr 15, 2024)
The OptiNose Inc. stock price fell by -2.46% on the last day (Monday, 15th Apr 2024) from $1.22 to $1.19. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.17% from a day low at $1.16 to a day high of $1.22. The price has fallen in 8 of the last 10 days and is down by -17.36% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -293 thousand shares and in total, 497 thousand shares were bought and sold for approximately $591.06 thousand.
Given the current short-term trend, the stock is expected to rise 9.02% during the next 3 months and, with a 90% probability hold a price between $1.30 and $2.16 at the end of this 3-month period.
OPTN Signals & Forecast
There are few to no technical positive signals at the moment. The OptiNose Inc. 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 $1.25 and $1.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -38.50%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for OptiNose Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0600 between high and low, or 5.17%. For the last week the stock has had daily average volatility of 6.28%.
OptiNose Inc. is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OPTN) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect OptiNose Inc. to open at $1.19, and during the day (based on 14 day Average True Range), to move between $1.09 and $1.29, which gives a possible trading interval of +/-$0.0985 (+/-8.27%) up or down from last closing price. If OptiNose Inc. takes out the full calculated possible swing range there will be an estimated 16.55% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.22, some $0.0300 (2.52%) from the current price of $1.19, our system finds the risk reward not very attractive.
Is OptiNose Inc. stock A Buy?
The OptiNose Inc. stock holds several negative signals and despite the positive trend, we believe OptiNose Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.989 Sell Candidate Unchanged
Predicted Opening Price for OptiNose Inc. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $1.19 ( 0%) | $1.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OPTN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.25 | 5.04 % | |
| R2 | 1.23 | 3.12 % | ||
| R1 | 1.21 | 1.93 % | ||
| Current price: | 1.19 | |||
| Support | S1 | 1.17 | -1.93 % | |
| S2 | 1.15 | -3.12 % | ||
| S3 | 1.13 | -5.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.47 | 23.53 % | |
| R2 | 1.46 | 22.69 % | ||
| R1 | 1.22 | 2.52 % | ||
| Current price | 1.19 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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