SANUWAVE Health Inc Stock Forecast

Green day on Monday for SANUWAVE Health Inc
(Updated on Apr 15, 2024)

SNWV Signals & Forecast

There are mixed signals in the stock today. The SANUWAVE Health Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0213. On a fall, the stock will find some support from the short-term average at $0.0196. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -4.76%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SANUWAVE Health Inc stock

SANUWAVE Health Inc finds support from accumulated volume at $0.0198 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0011 between high and low, or 5.97%. For the last week the stock has had daily average volatility of 22.89%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SNWV) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect SANUWAVE Health Inc to open at $0.0198, and during the day (based on 14 day Average True Range), to move between $0.0172 and $0.0228, which gives a possible trading interval of +/-$0.0028 (+/-13.83%) up or down from last closing price. If SANUWAVE Health Inc takes out the full calculated possible swing range there will be an estimated 27.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0198 (1.00%) than the resistance at $0.0205 (2.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SANUWAVE Health Inc stock A Buy?

SANUWAVE Health Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.190 Sell Candidate Unchanged

Predicted Opening Price for SANUWAVE Health Inc of Tuesday, April 16, 2024

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