4DMedical Limited is an Australian medical technology firm specialising in delivering respiratory diagnostics for all lung problems, including coronavirus, asthma, chronic obstructive pulmonary disease (COPD), cystic fibrosis, and cancer. As per the previous recommendation on 4DX on 14 April 2023, a ‘Speculative Buy’ rating was given on the stock at AUD 0.765, and noted below are the details of support and resistance provided in the previous report:

Recommendation Summary as on April 14, 2023

4DX Daily Chart

Considering the resistance, current trading levels and risks associated, it is prudent to book profits at the current levels. Hence, a ‘Sell’ recommendation is given on the stock at the current price of AUD 1.260 (as of May 02, 2023, at 3:05 PM GMT+10).

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is March 14, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement. 

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.

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