Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
In the current situation of Ekso Bionics there is not any eligible buy setup. This doesn't mean EKSO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
"To sell or not to sell", if you are holding Ekso Bionics shares?. Trading strategies allow us to avoid impulsive decisions based on our personal feelings or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups should not be used for selling short EKSO stock
As a golden rule, you should not hold a trade that generates higher than expected losses at the time of purchase. When to sell your stock always has to be determined by the stop-loss (automatic or manual)
In the current situation of Ekso Bionics there is not any eligible sell setup, so Ekso Bionics stock holders with operations in green can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last month, 2 ratings were published for Ekso Bionics. General sentiment is bullish, with 2 out of 2 posting optimistic outlooks
|Jul 31st, 2020|
|HC Wainwright||Strong buy|
|Aug 3rd, 2020|
Since in late March, Ekso Bionics has been drawing an uptrend that so far marked a gorgeous 178.22%. During this uptrend, the price provided some buy points on the breakouts. Latest low was in late June, when price bounced at $3.05. Like in all uptrends, price needs to take breath and now price is moving in a range between $10.74 and $3.05
A favorite tool of many traders are the moving averages, that easily show trend direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages. Further about Moving Averages from sources like Wikipedia and Investopedia
Market investors use support and resistance levels to find price points on a chart that may act as obstacles, containing the price of a stock to move up or down. A support level is a level where the price tends to stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it will probably continue declining until meeting another support level. On the other hand, resistances are where the price tends to find a curb as it moves up. Likewise, the price is more liable to "bounce off" at this level, and if it finally breaches this level, it will rise more easily until it meets the next resistance
The current resistances are:
The current supports are:
So-called Bollinger bands are a widespread technical strategy that was created by John Bollinger. It is composed of 3 bands that are outlined superimposed on the price evolution chart:
The price is trading near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks
The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and past strength or weakness of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by investors
The RSI dropped below the overbought level of 70 in early July after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 44.08. Since then, Ekso Bionics price sank a 25.48%
Ekso Bionics Holdings Inc. (EKSO) came out with 2nd-quarter earnings of $-1.88 per share, significantly failing to match the Wall St consensus estimate of $-0.56 per share. This Q2 report represents an earnings surprise of -235.71%. Company's revenue was $2.3 million in contrast to $1.6 million estimated by analysts.
Compared to the same quarter last year, EPS was $-0.60, so posted EPS is a loss of -213.33%. Turnover tanked a -30.59% on an annualized basis in the second-quarter, from $3.3M to $2.3M last quarter.
Ekso Bionics will host the earnings call. If you own or you are considering buying Ekso Bionics shares, you must be on your toes as earnings reporting day usually has a higher than usual volatility, and price can gap up or down with very low liquidity and not honouring your buy or stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.