Nexus Energy Services, Inc. Stock Forecast

Green day on Friday for Nexus Energy Services, Inc.
(Updated on May 24, 2024)

IBGR Signals & Forecast

Nexus Energy Services, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nexus Energy Services, Inc. stock 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 $0.0079 and $0.0095. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -39.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Nexus Energy Services, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0069 and $0.0067. 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, Nexus Energy Services, Inc. finds support just below today's level at $0.0069. If this is broken, then the next support from accumulated volume will be at $0.0067 and $0.0060.

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 $0.0005 between high and low, or 6.95%. For the last week, the stock has had daily average volatility of 20.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IBGR) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Nexus Energy Services, Inc. to open at $0.0077, and during the day (based on 14 day Average True Range), to move between $0.0057 and $0.0092, which gives a possible trading interval of +/-$0.0017 (+/-23.39%) up or down from last closing price. If Nexus Energy Services, Inc. takes out the full calculated possible swing range there will be an estimated 46.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0080 (6.95%) than the support at $0.0069 (7.75%), 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 Nexus Energy Services, Inc. stock A Buy?

The Nexus Energy Services, Inc. stock holds several negative signals and despite the positive trend, we believe Nexus Energy Services, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.119 Sell Candidate Unchanged

Predicted Opening Price for Nexus Energy Services, Inc. of Tuesday, May 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.