Nauticus Robotics, Inc. Stock Forecast
Green day on Tuesday for Nauticus Robotics, Inc. stock after gaining 2.77%
(Updated on Jun 25, 2024)
The Nauticus Robotics, Inc. stock price gained 2.77% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.126 to $0.130. During the last trading day the stock fluctuated 9.14% from a day low at $0.123 to a day high of $0.134. The price has fallen in 7 of the last 10 days and is down by -43.79% for this period. Volume fell on the last day by -2 million shares and in total, 9 million shares were bought and sold for approximately $1.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -34.50% during the next 3 months and, with a 90% probability hold a price between $0.0558 and $0.164 at the end of this 3-month period.
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KITT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.77%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nauticus Robotics, 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 $0.151 and $0.160. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Nauticus Robotics, Inc. stock
Nauticus Robotics, Inc. finds support from accumulated volume at $0.129 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0112 between high and low, or 9.14%. For the last week the stock has had daily average volatility of 12.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KITT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Nauticus Robotics, Inc. to open at $0.129, and during the day (based on 14 day Average True Range), to move between $0.0884 and $0.171, which gives a possible trading interval of +/-$0.0414 (+/-31.93%) up or down from last closing price. If Nauticus Robotics, Inc. takes out the full calculated possible swing range there will be an estimated 63.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.129 (0.31%) than the resistance at $0.138 (6.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nauticus Robotics, Inc. stock A Buy?
Nauticus Robotics, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.933 Strong Sell Candidate Unchanged
Predicted Opening Price for Nauticus Robotics, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.129 ( 0.87%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KITT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.140 | 7.76% |
| R2 | 0.136 | 4.46% |
| R1 | 0.133 | 2.42% |
| Price | 0.130 | |
| S1 | 0.124 | -4.17% |
| S2 | 0.122 | -6.21% |
| S3 | 0.117 | -9.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.161 | 23.65% |
| R2 | 0.155 | 19.41% |
| R1 | 0.138 | 6.32% |
| Price | 0.130 | |
| S1 | 0.129 | -0.308% |
| S2 | 0.126 | -2.70% |
| S3 | 0.115 | -11.33% |
FAQ
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