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 PAVM
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High volatility in PAVmed Inc stock price on Wednesday which ended trading at $2.73
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The PAVmed Inc stock price gained 32.52% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.06 to $2.73. During the last trading day the stock fluctuated 29.09% from a day low at $2.20 to a day high of $2.84. The price has risen in 5 of the last 10 days and is up by 26.39% 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, 403 thousand more shares were traded than the day before. In total, 437 thousand shares were bought and sold for approximately $1.19 million.

The stockhas broken the very 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 $2.69, a level that may pose a second chance to hit a runner. According to fan-theory $4.50 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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PAVM Signals & Forecast

The PAVmed Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.22 and $2.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 42.93%. Further rise is indicated until a new top pivot has been found. PAVmed Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for PAVmed Inc stock

PAVmed Inc finds support from accumulated volume at $2.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.640 between high and low, or 29.09%. For the last week, the stock has had daily average volatility of 15.02%.

Our recommended stop-loss: $2.62 (-4.04%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 8 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect PAVmed Inc to open at $2.59, and during the day (based on 14 day Average True Range), to move between $2.40 and $3.06, which gives a possible trading interval of +/-$0.326 (+/-11.94%) up or down from last closing price. If PAVmed Inc takes out the full calculated possible swing range there will be an estimated 23.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.65 (2.93%) than the resistance at $2.82 (3.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PAVmed 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 Sell to a Buy candidate.

Current score: 4.238 Buy Candidate Upgraded

Predicted Opening Price for PAVmed Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.59 ( 5.13%) $2.73

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

Trading levels for PAVM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.23 18.32 %
R2 2.99 9.36 %
R1 2.83 3.83 %
Current price: 2.73
Support S1 2.35 -14.08 %
S2 2.19 -19.62 %
S3 1.95 -28.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.98 9.16 %
R2 2.93 7.33 %
R1 2.82 3.30 %
Current price 2.73
Support S1 2.65 -2.93%
S2 2.33 -14.65%
S3 2.31 -15.38%

FAQ

What is the symbol for PAVmed Inc Stock and on which exchange is it traded?
The symbol for PAVmed Inc is PAVM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell PAVmed 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 Sell to a Buy candidate.

How to buy PAVmed Inc Stock?
PAVmed 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 PAVmed Inc Stock.

What's the current price of PAVmed Inc Stock?
As of the end of day on the 2024-03-27, the price of an PAVmed Inc (PAVM) share was $2.73.

What is the 52-week high and low for PAVmed Inc Stock?
The 52-week high for PAVmed Inc Stock is $4.44 and the 52-week low is $0.200.

What is the market capitalization of PAVmed Inc Stock?
As of the 2024-03-27, the market capitalization of PAVmed Inc is 16.584M.

When is the next earnings date for PAVmed Inc?
The upcoming earnings date for PAVmed Inc is May 21, 2024.
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About PAVmed Inc

PAVmed PAVmed Inc. operates as a medical device company in the United States. The company's lead products include CarpX, a percutaneous device to treat carpal tunnel syndrome; and EsoCheck, an esophageal cell collection device for the early detection of adenocarcinoma of the esophagus and Barrett's Esophagus (BE); and EsoGuard, a bisulfite-converted next-generation sequencing DNA assay. Its product pipeline also comprises EsoCure, an esophageal ablation... PAVM Profile

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