Netlink Nbn Trust Trust Forecast
Netlink Nbn Trust trust upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Netlink Nbn Trust trust price gained 1.22% on the last trading day (Friday, 28th Jun 2024), rising from S$0.82 to S$0.83. During the last trading day the trust fluctuated 2.44% from a day low at S$0.82 to a day high of S$0.84. The price has fallen in 5 of the last 10 days and is down by -0.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately S$7.91 million.
The trust lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the trust is expected to fall -3.85% during the next 3 months and, with a 90% probability hold a price between S$0.785 and S$0.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CJLU.SI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.22%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Netlink Nbn Trust trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at S$0.84. On a fall, the trust will find some support from the short-term average at S$0.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Netlink Nbn Trust trust
Netlink Nbn Trust finds support from accumulated volume at S$0.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.0200 between high and low, or 2.44%. For the last week the trust has had daily average volatility of 1.34%.
Our recommended stop-loss: S$0.780 (-6.01%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (CJLU.SI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Netlink Nbn Trust to open at S$0.83, and during the day (based on 14 day Average True Range), to move between S$0.82 and S$0.84, which gives a possible trading interval of +/-S$0.0097 (+/-1.17%) up or down from last closing price. If Netlink Nbn Trust takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.84 (0.60%) than the support at S$0.83 (0.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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: -0.046 Hold/Accumulate Upgraded
Predicted Opening Price for Netlink Nbn Trust of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| S$0.83 ( 0%) | S$0.83 |
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 | 0.85 | 2.41% |
| R2 | 0.84 | 1.49% |
| R1 | 0.84 | 0.92% |
| Price | 0.83 | |
| S1 | 0.82 | -0.92% |
| S2 | 0.82 | -1.49% |
| S3 | 0.81 | -2.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.87 | 4.22% |
| R2 | 0.86 | 3.01% |
| R1 | 0.84 | 0.602% |
| Price | 0.83 | |
| S1 | 0.83 | -0.602% |
| S2 | 0.82 | -1.20% |
| S3 | 0 | - |
FAQ
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