Big movements in Naked Brand Group Inc. stock price on Friday moving 22.62% between high and lowStockInvest.us, 3 months ago
The Naked Brand Group Inc. stock price gained 7.84% on the last trading day (Friday, 28th May 2021), rising from $0.57 to $0.62. , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 22.62% from a day low at $0.61 to a day high of $0.74. The price has risen in 6 of the last 10 days and is up by 9.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 204 million more shares were traded than the day before. In total, 278 million shares were bought and sold for approximately $171.86 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.55, a level that may pose a second chance to hit a runner. According to fan-theory $0.85 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Mostly positive signals in the chart today. The Naked Brand Group Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.55 and $0.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 12, 2021, and so far it has risen 23.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Naked Brand Group Inc. finds support from accumulated volume at $0.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.14 between high and low, or 22.62%. For the last week, the stock has had a daily average volatility of 10.42%.
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.Check full Naked Brand Group Inc. forecast and analysis here.