Nnox stock price currently shows a 14-day RSI of 53

nnox stock price currently shows a 14-day RSI of 53, implying a neutral technical stance. Traders are watching for a breakout above 55 RSI to signal bullish momentum in the imaging technology space. Nanox has a differentiated business model that seeks to generate recurring, per-scan revenue from its medical imaging software. It plans to get its machines out there for free or at a reduced price. But to do this, it needs to satisfy the FDA. Therefore, today's news is a step toward its long-term vision. Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Healthcare industry in the US. nnox stock price action has been choppy, oscillating around the $7.80 level over the past five trading days. Fibonacci retracement analysis points to the 38.2% retracement near $8.15 as the next key resistance.