MYO Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The stock price of Myomo (MYO) is currently trading at $4.8 as of March 8, 2025. Based on the technical indicators, the stock is showing signs of potential upside in the short term. The RSI (Relative Strength Index) for MYO is 30.59, indicating that the stock is in the oversold territory and may be due for a rebound. The MACD (Moving Average Convergence Divergence) is slightly negative, suggesting some bearish momentum, but the overall trend appears to be stabilizing.
News and Event Impact:
Myomo is scheduled to report its fourth-quarter 2024 financial results on March 10, 2025. This event is likely to have a significant impact on the stock price. Additionally, Myomo recently filed a preliminary prospectus supplement for a planned public offering, which could influence investor sentiment.
Fibonacci Levels:
The Fibonacci levels for MYO indicate key support and resistance levels. The pivot point is at $4.95, with resistance levels at $5.54 and $5.90, and support levels at $4.36 and $3.99.
Price Prediction:
Based on the technical indicators and the upcoming earnings report, the stock is expected to experience a short-term rebound. The price target for the next trading week is $5.50.
Recommendation:
Given the oversold condition indicated by the RSI and the potential positive impact of the earnings report, it is recommended to BUY MYO stock at the current price level with a target of $5.50.
MYO Similar Chart Price Prediction
The price of MYO is predicted to go up 17.58%, based on the high correlation periods with LPLA. The similarity of these two price pattern on the periods is 98.37%.
MYO
LPLA
Up: 17.58%Similarity: 98.37%
MYO Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
MYO Price Forecast($)
Potential Return(%)
2025
9.000
38.250
2026
9.500
87.380
2027
10.060
98.420
2028
11.100
118.930
2029
39.010
669.430
2030
15.000
195.860
What is MYO stock price prediction 2025 ?
What is MYO stock price prediction 2026 ?
What is MYO stock price prediction 2027 ?
What is MYO stock price prediction 2028 ?
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MYO Revenue Forecast
MYO EPS Forecast
MYO FAQs
What is MYO revenue forecast for next quarter？
MYO Analyst's Forecast
Craig Knickerbocker
Craig-Hallum
Strong Buy
2024-12-13
Price Target
$7 → $9
Upside
+43.77%
Myomo announced that it intends to offer and sell shares of its common stock in an underwritten public offering. Myomo expects to use the net proceeds of the offering, together with its existing cash and cash equivalents, to accelerate its revenue growth by funding an increase in advertising expenses and headcount to support the expected revenue growth in Myomo's direct billing channel, along with investments in systems to support growth in the O&P channel and in scaling its operations. In addition, the net proceeds of the offering will be used to fund product development and sustaining engineering activities to enhance the current MyoPro product line and to develop the next generation of Myomo's products, with the remainder for working capital and general corporate purposes. Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering.
