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