RSI 75.17 Signals Nemaura Medical Inc. (NMRD) stock could lead to a downward move

52 week High and Low

On Thursday, Sep 13, Nemaura Medical Inc. (NMRD) shares have been seen trading -49.56% off its 52 week- peak value and changed 67.32% from its 52 week-bottom price value. The “percentage off the 52-week high or low” refers to when a stock current price is relative to where it has traded over the last 52 weeks. This gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range.

Volume and Price

Shares of Nemaura Medical Inc. (NMRD) were valued at $3.43 and moved 19.93% as of a recent closing trade. A total volume of 1.1 million shares were traded versus to average volume of 0.12 million shares.

Relative Strength Index (RSI)

Nemaura Medical Inc. (NMRD)’s Relative Strength Index (RSI) is 75.17. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

Performance

Nemaura Medical Inc. (NMRD) held 211.35 million outstanding shares currently. The company have shares float of 58.97 million. Now have a look at past performance (weekly performance to year to date performance) how Nemaura Medical Inc. (NMRD) has been moved; whether it performed well or not. NMRD reported a change of 51.10% over the last week and performed 55.91% over the last month while its year to date (YTD) performance revealed an activity trend of -32.75%. The stock’s quarterly performance specifies a shift of 27.04%, and its last twelve month performance is stands at -35.70% while moved -33.40% for the past six months.

Volatility

Average True Range (14) for Nemaura Medical Inc. (NMRD) is stands at 0.32. ATR is a volatility indicator. Volatility measures the strength of the price action, and is often overlooked for clues on market direction.

Over the past week, the company showed volatility of 23.53%. Moving out to look at the previous month volatility move, the stock is at 12.68%. A stock with a price that fluctuates wildly, hits new highs and lows or moves erratically is considered highly volatile..

Mack Mortenson

Mack covers Financial Sector of Wallstreetmorning.com. Before pursuing a financial and journalism career, he graduated from University of Georgia with a degree in Economic and Mathematics.

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