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High volatility in NSAV Holding, Inc. stock price on Wednesday which ended trading at $0.11

StockInvest.us, 1 month ago

StockInvest.us

The NSAV Holding, Inc. stock price gained 12.26% on the last trading day (Wednesday, 4th Aug 2021), rising from $0.0971 to $0.11. During the day the stock fluctuated 34.59% from a day low at $0.0847 to a day high of $0.11. The price has risen in 6 of the last 10 days and is up by 147.73% over the past 2 weeks. Volume fell on the last day by -226 million shares and in total, 108 million shares were bought and sold for approximately $11.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.12 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 100.12% during the next 3 months and, with a 90% probability hold a price between $0.0596 and $0.24 at the end of this 3-month period.

NSAV Holding, Inc.

The NSAV Holding, Inc. 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 $0.0851 and $0.0326. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, August 02, 2021, and so far it has fallen -7.94%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $0.0977 and $0.0971.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0971 may give a huge drop in the stock price.

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 $0.0293 between high and low, or 34.59%. For the last week, the stock has had a daily average volatility of 45.55%.

The NSAV Holding, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

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 NSAV Holding, Inc. stock to perform well in the short-term.

Check full NSAV Holding, Inc. forecast and analysis here.