Nextdoor Holdings, Inc. Stock Forecast
Green day on Monday for Nextdoor Holdings, Inc.
(Updated on Apr 29, 2024)
The Nextdoor Holdings, Inc. stock price gained 0.99% on the last trading day (Monday, 29th Apr 2024), rising from $2.02 to $2.04. During the last trading day the stock fluctuated 2.96% from a day low at $2.03 to a day high of $2.09. The price has risen in 6 of the last 10 days and is up by 4.08% 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, 165 thousand more shares were traded than the day before. In total, 882 thousand shares were bought and sold for approximately $1.80 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.95 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.02% during the next 3 months and, with a 90% probability hold a price between $2.35 and $3.18 at the end of this 3-month period.
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KIND Signals & Forecast
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 Nextdoor Holdings, 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 $2.04 and $2.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -13.92%. 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 Nextdoor Holdings, Inc. stock
Nextdoor Holdings, Inc. finds support from accumulated volume at $2.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0600 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KIND) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Nextdoor Holdings, Inc. to open at $2.05, and during the day (based on 14 day Average True Range), to move between $1.95 and $2.13, which gives a possible trading interval of +/-$0.0871 (+/-4.27%) up or down from last closing price. If Nextdoor Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 8.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.00 (1.96%) than the resistance at $2.13 (4.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nextdoor Holdings, Inc. stock A Buy?
The Nextdoor Holdings, Inc. stock holds several negative signals and despite the positive trend, we believe Nextdoor Holdings, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.537 Sell Candidate Unchanged
Predicted Opening Price for Nextdoor Holdings, Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $2.05 ( 0.654%) | $2.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIND
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.11 | 3.59 % | |
| R2 | 2.09 | 2.47 % | ||
| R1 | 2.08 | 1.78 % | ||
| Current price: | 2.04 | |||
| Support | S1 | 2.03 | -0.470 % | |
| S2 | 2.02 | -1.16 % | ||
| S3 | 1.99 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.37 | 16.18 % | |
| R2 | 2.25 | 10.29 % | ||
| R1 | 2.13 | 4.41 % | ||
| Current price | 2.04 | |||
| Support | S1 | 2.00 | -1.96% | |
| S2 | 1.75 | -14.22% | ||
| S3 | 1.62 | -20.59% |
FAQ
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