Volatile ride for Nebius Group N.v. stock price on Friday moving between $41.66 and $47.68

The Nebius Group N.v. stock price gained 6.69% on the last trading day (Friday, 14th Feb 2025), rising from $41.70 to $44.49. During the last trading day the stock fluctuated 14.45% from a day low at $41.66 to a day high of $47.68. The price has risen in 8 of the last 10 days and is up by 36.22% 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, 27 million more shares were traded than the day before. In total, 35 million shares were bought and sold for approximately $1.55 billion.

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 50.18% during the next 3 months and, with a 90% probability hold a price between $44.95 and $74.24 at the end of this 3-month period.

Mostly positive signals in the chart today. The Nebius Group N.v. 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 $40.08 and $34.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, January 27, 2025, and so far it has risen 70.59%. Further rise is indicated until a new top pivot has been found. 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.

On the downside, the stock finds support just below today's level from accumulated volume at $41.69 and $38.13.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nebius Group N.v. finds support just below today's level at $41.69. If this is broken, then the next support from accumulated volume will be at $38.13 and $36.77.

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 $6.02 between high and low, or 14.45%. For the last week, the stock has had daily average volatility of 7.98%.

The Nebius Group N.v. stock is extremely overbought on RSI14 (88). This increases the short-term risk substantially.

Nebius Group N.v. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.