Technical Analysis for NMRD - Nemaura Medical Inc.

Grade Last Price % Change Price Change
D 0.08 2.56% 0.00
NMRD closed up 2.56 percent on Wednesday, April 17, 2024, on 78 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Doji - Bearish? Reversal 0.00%
Doji - Bullish? Reversal 0.00%
Upper Bollinger Band Walk Strength 0.00%
Stochastic Reached Oversold Weakness 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%

   Recent Intraday Alerts

Alert Time
Down 1% about 17 hours ago
Upper Bollinger Band Resistance about 17 hours ago
Possible Pocket Pivot about 17 hours ago
Rose Above 20 DMA about 18 hours ago
1,2,3, Pullback Entry about 18 hours ago

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Profile

Nemaura Medical Inc. Description

Nemaura Medical, Inc. is a holding company. The Company owns a diagnostic medical device company specializing in discovering, developing and commercializing specialty medical devices. The Company's focus is on the development of a continuous glucose monitoring (CGM) device, which consists of a disposable patch containing a sensor, and a non-disposable miniature electronic watch with a re-chargeable power source. CGM through a non-invasive patch can enable early detection of subtle changes in blood glucose levels. The Company, through its operating subsidiaries, performs medical device research and manufacturing of a CGM, named sugarBEAT. The sugarBEAT device is a non-invasive, wireless device for use by persons with Type I and Type II diabetes, and may also be used to screen pre-diabetic patients. The sugarBEAT device extracts analytes, such as glucose, to the surface of the skin in a non-invasive manner where it is measured using sensors and interpreted using an algorithm.


Classification

Sector: Healthcare
Industry: Medical Devices
Keywords: Medicine Diabetes Medical Device Glucose Endocrine System Blood Test Wireless Devices Diabetes Mellitus Medical Monitoring Blood Glucose Monitoring Endocrinology Type I Diabetes Blood Sugar Level Continuous Glucose Monitor Type II Diabetes

Is NMRD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.25
52 Week Low 0.068
Average Volume 37,689
200-Day Moving Average 0.33
50-Day Moving Average 0.08
20-Day Moving Average 0.08
10-Day Moving Average 0.08
Average True Range 0.01
RSI (14) 46.52
ADX 43.49
+DI 24.63
-DI 8.18
Chandelier Exit (Long, 3 ATRs) 0.06
Chandelier Exit (Short, 3 ATRs) 0.11
Upper Bollinger Bands 0.10
Lower Bollinger Band 0.07
Percent B (%b) 0.29
BandWidth 37.09
MACD Line 0.00
MACD Signal Line 0.00
MACD Histogram -0.0009
Fundamentals Value
Market Cap 2.2 Million
Num Shares 28.9 Million
EPS -0.39
Price-to-Earnings (P/E) Ratio -0.19
Price-to-Sales 766.31
Price-to-Book 122.56
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.11
Resistance 3 (R3) 0.12 0.11 0.11
Resistance 2 (R2) 0.11 0.10 0.11 0.11
Resistance 1 (R1) 0.09 0.09 0.10 0.09 0.10
Pivot Point 0.08 0.08 0.09 0.08 0.08
Support 1 (S1) 0.07 0.07 0.07 0.06 0.05
Support 2 (S2) 0.06 0.07 0.06 0.05
Support 3 (S3) 0.04 0.06 0.04
Support 4 (S4) 0.04