Noble Corporation Stock Forecast
Noble Corporation stock price down 0% on Friday
(Updated on Sep 04, 2020)
No changes to the price of Noble Corporation stock on the last trading day (Friday, 4th Sep 2020). During the last trading day the stock fluctuated 0% from a day low at $0.0357 to a day high of $0.0357. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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NE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Noble Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0357 and $0.112. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, September 03, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Noble Corporation stock
Noble Corporation finds support from accumulated volume at $0.0350 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.0343 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (NE) For The Upcoming Trading Day Of Tuesday 8th
For the upcoming trading day on Tuesday, 8th we expect Noble Corporation to open at $0.0357, and during the day (based on 14 day Average True Range), to move between $0.0267 and $0.0447, which gives a possible trading interval of +/-$0.0090 (+/-25.14%) up or down from last closing price. If Noble Corporation takes out the full calculated possible swing range there will be an estimated 50.28% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0350, some $0.0007 (1.96%) from the current price of $0.0357, our system finds the risk reward attractive.
Is Noble Corporation stock A Buy?
Noble Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Noble Corporation of Tuesday, September 8, 2020
Fair opening price September 8, 2020 | Current price |
---|---|
$0.0357 ( 0%) | $0.0357 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0357 | . | |
R2 | 0.0357 | . | ||
R1 | 0.0357 | . | ||
Current price: | 0.0357 | |||
Support | S1 | 0.0357 | . | |
S2 | 0.0357 | . | ||
S3 | 0.0357 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0357 | |||
Support | S1 | 0.0350 | -1.96% | |
S2 | 0.0348 | -2.52% | ||
S3 | 0 | . |
FAQ
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