Markets

Is Microbot Medical Inc. (NASDAQ:MBOT) Worth Significant Investment?

Microbot Medical Inc. (NASDAQ:MBOT) gained 2.65% in trading on July 18, 2017, going up from its prior closing price of $1.13 to $1.16 The price has fallen in 7 of the last 10 days and is down by -19.44% over the same course of time. The upbeat movement of both volume and price during the recent session is interpreted as a good sign, and, overall 0.42 million more shares exchanged hands compared with prior day. In total, 1.06 M shares exchanged hands for about $1.23 million.

Inside MBOT’s Recent Trend

Microbot Medical Inc. (MBOT) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -61.45% over the course of a quarter and, with 90% chance the price will be floating in the range of $-0.01 and $1.14 in this timeframe.

Microbot Medical Inc. Technical Signals



MBOT has rising 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 other technical concerns emerged as well, putting in risk the future growth of the stock in the next couple of days. Microbot Medical Inc has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend Upon corrections, the price will meet resistance from the averages between $1.22 and $1.94. A buy signal will be generated if it crosses above any of these levels.

Microbot Medical Inc. (NASDAQ:MBOT) Support And Resistance Levels

Microbot Medical Inc. (MBOT) recorded volume accumulation so there will probably be a surplus of buyers at $1.13. In case of gains, the next resistance from accumulated volume will be at $1.43, $1.40 and $1.18.




Microbot Medical Inc. (MBOT) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.13 between high and low, or 11.82%. The average volatility for the past week stood at 8.99%.

Microbot Medical Inc is in oversold territory based on Relative Strength Index reading (21). In some cases it takes more time for the trend to shift while the stock is being oversold and the Relative Strength Index keeps moving.

 

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