Ekso Bionics Holdings Inc. (EKSO)

Ekso Bionics stock forecast: buy or sell

Ekso Bionics stock outlook

  • Ekso Bionics closed last Friday at $6.26 (-2.64%) prior to presenting financial results at
  • The stock is configuring an uptrend pattern since late March, when it bottomed at $2.25. This rally marked a 178.22% gain
  • On July 30, Ekso Bionics made public its Q2 financial report
  • Ekso Bionics Holdings, Inc. designs, develops, and sells exoskeletons for use in the healthcare, industrial, and military markets in North America, Europe, the Middle East, and Africa.
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Please read:
The thoughts given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the individual circumstances of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for learning purposes only

Ekso Bionics stock chart overview

Should I buy Ekso Bionics stock?

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

Is EKSO stock a buy?

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

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Should I sell Ekso Bionics stock?

"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)

Is it time to sell Ekso Bionics stock?

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

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Analysts' recommendations to buy or sell Ekso Bionics stock

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

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Ekso Bionics ratings

Brokerage firmRating
Jul 31st, 2020
HC Wainwright Strong buy
Aug 3rd, 2020
Aegis Strong buy

Technical analysis

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

SMAs overview

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

Supports and resistances

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:

  • R1: $6.38 (1.92% above)
  • R2: $6.52 (4.15% above)
  • R3: $7.17 (14.54% above)
  • The current supports are:

  • S1: $5.30 (-15.34% below)
  • S2: $5.26 (-15.97% below)
  • S3: $5.20 (-16.93% below)
  • Bollinger bands

    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 central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    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

    Relative strength index

    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%

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    Earnings and financials

    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.

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