Natural Alternatives International Stock Forecast
Natural Alternatives International stock upgraded to Sell Candidate.
(Updated on May 01, 2024)
The Natural Alternatives International stock price gained 0.482% on the last trading day (Wednesday, 1st May 2024), rising from $6.22 to $6.25. During the last trading day the stock fluctuated 1.86% from a day low at $6.20 to a day high of $6.31. The price has fallen in 6 of the last 10 days and is down by -3.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $60.02 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.05% during the next 3 months and, with a 90% probability hold a price between $6.41 and $7.60 at the end of this 3-month period.
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NAII Signals & Forecast
Natural Alternatives International 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 Natural Alternatives International 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 $6.29 and $6.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -8.89%. 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 Natural Alternatives International stock
Natural Alternatives International finds support from accumulated volume at $5.95 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 $0.115 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NAII) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Natural Alternatives International to open at $6.25, and during the day (based on 14 day Average True Range), to move between $6.04 and $6.46, which gives a possible trading interval of +/-$0.212 (+/-3.39%) up or down from last closing price. If Natural Alternatives International takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.40 (2.40%) than the support at $5.95 (4.80%), 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 Natural Alternatives International stock A Buy?
The Natural Alternatives International stock holds several negative signals and despite the positive trend, we believe Natural Alternatives International will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.707 Sell Candidate Upgraded
Predicted Opening Price for Natural Alternatives International of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $6.25 ( 0.0267%) | $6.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAII
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.37 | 1.87 % | |
| R2 | 6.32 | 1.16 % | ||
| R1 | 6.30 | 0.730 % | ||
| Current price: | 6.25 | |||
| Support | S1 | 6.21 | -0.676 % | |
| S2 | 6.18 | -1.11 % | ||
| S3 | 6.14 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.76 | 8.16 % | |
| R2 | 6.62 | 5.92 % | ||
| R1 | 6.40 | 2.40 % | ||
| Current price | 6.25 | |||
| Support | S1 | 5.95 | -4.80% | |
| S2 | 5.82 | -6.83% | ||
| S3 | 5.71 | -8.64% |
FAQ
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