Volatile ride for Naked Brand Group Inc. stock price on Friday moving between $0.65 and $0.73

The Naked Brand Group Inc. stock price gained 1.59% on the last trading day (Friday, 25th Jun 2021), rising from $0.67 to $0.69. , and has now gained 4 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 11.54% from a day low at $0.65 to a day high of $0.73. The price has fallen in 7 of the last 10 days and is down by -8.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 million more shares were traded than the day before. In total, 57 million shares were bought and sold for approximately $39.08 million.

The stock lies in the middle of a very wide and weak 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 8.23% during the next 3 months and, with a 90% probability hold a price between $0.57 and $0.91 at the end of this 3-month period.

The Naked Brand Group 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 $0.66 and $0.64. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 03, 2021, and so far it has fallen -16.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).

Naked Brand Group Inc. finds support from accumulated volume at $0.66 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 $0.0750 between high and low, or 11.54%. For the last week, the stock has had a daily average volatility of 7.65%.

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.