NextDecade Corp. Stock Forecast
NextDecade Corp. stock price ended at $6.48 on Friday, after losing 0.308%.
(Updated on May 03, 2024)
The NextDecade Corp. stock price fell by -0.308% on the last day (Friday, 3rd May 2024) from $6.50 to $6.48. During the last trading day the stock fluctuated 3.20% from a day low at $6.41 to a day high of $6.62. The price has been going up and down for this period, and there has been a 5.97% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -155 thousand shares and in total, 747 thousand shares were bought and sold for approximately $4.84 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 33.00% during the next 3 months and, with a 90% probability hold a price between $7.72 and $8.99 at the end of this 3-month period.
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NEXT Signals & Forecast
The NextDecade Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.44 and $5.91. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.63%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for NextDecade Corp. stock
NextDecade Corp. finds support from accumulated volume at $6.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.205 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: $6.17 (-4.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (NEXT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect NextDecade Corp. to open at $6.50, and during the day (based on 14 day Average True Range), to move between $6.21 and $6.74, which gives a possible trading interval of +/-$0.266 (+/-4.11%) up or down from last closing price. If NextDecade Corp. takes out the full calculated possible swing range there will be an estimated 8.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.50 (0.31%) than the support at $6.42 (0.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
NextDecade Corp. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.190. We will update the financials statements for NextDecade Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.36% in the first trading day after earnings release.
Is NextDecade Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NextDecade Corp. stock to perform well in the short-term.
Current score: 3.289 Buy Candidate Unchanged
Predicted Opening Price for NextDecade Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $6.50 ( 0.437%) | $6.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEXT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.71 | 3.61 % | |
| R2 | 6.63 | 2.40 % | ||
| R1 | 6.58 | 1.65 % | ||
| Current price: | 6.48 | |||
| Support | S1 | 6.42 | -0.774 % | |
| S2 | 6.38 | -1.52 % | ||
| S3 | 6.30 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 6.65 | 2.70 % | ||
| R1 | 6.50 | 0.309 % | ||
| Current price | 6.48 | |||
| Support | S1 | 6.42 | -0.85% | |
| S2 | 6.22 | -3.94% | ||
| S3 | 5.53 | -14.59% |
FAQ
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