High volatility in Naked Brand Group Inc. stock price on Wednesday which ended trading at $5.74

The Naked Brand Group Inc. stock price gained 14.57% on the last trading day (Wednesday, 29th Dec 2021), rising from $5.01 to $5.74. During the day the stock fluctuated 20.00% from a day low at $5.00 to a day high of $6.00. The price has fallen in 8 of the last 10 days, but is still up by 973.3% 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, 9 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately $93.82 million.

The stock lies in the middle of a very 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 65.41% during the next 3 months and, with a 90% probability hold a price between $1.37 and $12.91 at the end of this 3-month period.

The Naked Brand Group Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $6.16. On a fall, the stock will find some support from the long-term average at approximately $1.72. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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, December 20, 2021, and so far it has fallen -23.56%. Further fall is indicated until a new bottom pivot has been found.

Naked Brand Group Inc. finds support from accumulated volume at $5.50 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.00 between high and low, or 20.00%. For the last week, the stock has had a daily average volatility of 12.45%.

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 Naked Brand Group Inc. stock to perform well in the short-term.