FOMO

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Beyond Air’s stock price is currently trading at $2.04 with an intraday spike of 4.90% in the last 24 hours.</a></li>
 <li><span>2</span> <a>Beyond Air Inc. has a current market cap of $64.533 Million.</a></li>
 <li><span>3</span> <a>Beyond Air’s stock price decreased by 18.73% over the past seven days.</a></li>
</ul>
<p>Beyond Air (XAIR) failed to break the upper resistance bands and reversed its direction, resuming the downtrend and indicating further market weakness. The market is trading below the dynamic support trendline, which could lead to more downside. The market is also in a downtrend on a larger timeframe, creating lower lows.</p>
<p>Beyond Air Inc. has been falling from its peak levels and forming lower-low structures. It is in a bearish trend after breaking below the 50-day and 200-day moving average. The bearish pressure could soon push XAIR to form a new lower low and extend the downtrend.</p>
<p>The current situation requires traders and investors to be patient and wait for a clear signal of a break above or below the range before making any moves. They should also avoid FOMO and minimize losses.</p>
<p>Beyond Air stock price fell 18.73% last week; it declined by 15.70% throughout the month. Furthermore, XAIR shares experienced a drop of roughly 63.44% within the past six months and a decrease of 63.57% over the past year.&nbsp;</p>
<p>Additionally, the XAIR share price has slipped by approximately 68.62% year to date. These trends collectively indicate the challenges faced by Beyond Air stock in their recovery efforts throughout the year.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-will-beyond-air-stock-price-rebound-strong"><strong>Technical Analysis: Will Beyond Air Stock Price Rebound?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/YFjpp1cKTka0__jtqFqT66BZwvLWD4ODREM0cvEHiG1upD5zwBxilEVX7r_3-9cTNJGx8PsVovaTETmSwXavaEtsbJ9cLwhuczRJkhIiAHe48rFx2CvHWNLC06ZOOVS_L8WWjgrhyGGLNL0E2KQGQ9A" alt="Beyond Air Stock: Will XAIR Stock Rebound From $2 Level?">
  <figcaption class="wp-element-caption">
   Source: Beyond Air.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<p>At the moment, Beyond Air stock (NASDAQ: XAIR) is trading below the 50 and 200-day SMAs (simple moving averages), which do not support the price trend. If bulls want to make a comeback, they will have to rise and sustain the price above the 20-day EMA. However, the sellers seem to be more aggressive as compared to buyers.</p>
<p>The current value of RSI is 39.31 points. The 14 SMA is above the median line at 41.32 points which indicates that the Beyond Air stock is bearish.</p>
<p>The MACD line at -0.1148 and the signal line at -0.1030 are below the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the XAIR stock price.</p>
<h2 class="wp-block-heading" id="strong-analyst-take-strong"><strong>Analyst Take&nbsp;</strong></h2>
<p>There is a strong buy opinion among 6 analysts who follow Beyond Air stock and all of them rate XAIR stock a solid buy.</p>
<p>Beyond Air stock has an average price target of $14.17, which implies a potential increase of 591.06% from its current price of $2.05. The price targets vary from a high of $19.00 to a low of $10.00.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Beyond Air <a href="https://www.thecoinrepublic.com/?p=180242&amp;preview=true" rel="noopener noreferrer nofollow">stock </a>price prediction suggests a mild bearish in the chart. The sellers are dominating on the higher levels. Beyond Air (NASDAQ: XAIR) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the XAIR stock price. Beyond Air’s price action suggests that the investors and traders are bearish on the 1-D time frame. The technical analysis suggests that the Beyond Air stock price is in a bearish grip and the probability of testing the previous highs in the coming months remains low.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p>Support Levels: $2.00 and $1.50.</p>
<p>Resistance Levels: $2.52 and $3.15.</p>
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

Beyond Air Stock: Will XAIR Stock Rebound From $2 Level?

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Thecoinrepublic.com

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