Netlink Nbn Trust Trust Forecast
Stronger technical forecast for Netlink Nbn Trust trust price after Tuesday trading.
(Updated on Jun 25, 2024)
The Netlink Nbn Trust trust price fell by -0.606% on the last day (Tuesday, 25th Jun 2024) from S$0.83 to S$0.82. During the last trading day the trust fluctuated 0.610% from a day low at S$0.82 to a day high of S$0.83. The price has fallen in 4 of the last 10 days and is down by -1.2% for this period. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -25 thousand shares and in total, 3 million shares were bought and sold for approximately S$2.83 million.
The trust lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at S$0.82 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the trust is expected to fall -3.36% during the next 3 months and, with a 90% probability hold a price between S$0.791 and S$0.83 at the end of this 3-month period.
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CJLU.SI Signals & Forecast
There are mixed signals in the trust today. The Netlink Nbn Trust trust holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at S$0.83 and S$0.85. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Netlink Nbn Trust trust
There is no support from accumulated volume below today's level and given the right condition the trust may perform very badly in the next couple of days.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved S$0.0050 between high and low, or 0.610%. For the last week the trust has had daily average volatility of 0.97%.
Our recommended stop-loss: S$0.769 (-6.28%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (CJLU.SI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Netlink Nbn Trust to open at S$0.82, and during the day (based on 14 day Average True Range), to move between S$0.81 and S$0.83, which gives a possible trading interval of +/-S$0.0088 (+/-1.07%) up or down from last closing price. If Netlink Nbn Trust takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ S$0.83, some S$0.0100 (1.22%) from the current price of S$0.82, our system finds the risk reward not very attractive.
Is Netlink Nbn Trust trust A Buy?
Netlink Nbn Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.901 Hold/Accumulate Upgraded
Predicted Opening Price for Netlink Nbn Trust of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| S$0.82 ( 0.203%) | S$0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CJLU.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.83 | 0.81% |
| R2 | 0.82 | 0.580% |
| R1 | 0.82 | 0.436% |
| Price | 0.82 | |
| S1 | 0.82 | -0.0297% |
| S2 | 0.82 | -0.174% |
| S3 | 0.82 | -0.407% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.87 | 5.49% |
| R2 | 0.86 | 4.27% |
| R1 | 0.83 | 1.22% |
| Price | 0.82 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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