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Stop-loss: $0.71 (-5.18%)
Key Stats
P/E Ratio -11.88
Beta -1.26
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ]
RSI14 is 66 and the stock is currently not being overbought or oversold

Green day on Friday for Naked Brand Group Inc. (Updated on June 11, 2021)


Buy or Hold candidate since 2021-05-27 Gain 30.14%

The Naked Brand Group Inc. stock price gained 4.50% on the last trading day (Friday, 11th Jun 2021), rising from $0.71 to $0.75. During the day the stock fluctuated 6.06% from a day low at $0.71 to a day high of $0.75. The price has risen in 6 of the last 10 days and is up by 30.14% over the past 2 weeks. Volume fell on the last day by -15 million shares and in total, 64 million shares were bought and sold for approximately $47.96 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.80 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.83% during the next 3 months and, with a 90% probability hold a price between $0.29 and $0.65 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.

Signals & Forecast

The Naked Brand Group Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $0.76. On a fall, the stock will find some support from the long-term average at approximately $0.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 03, 2021, and so far it has fallen -9.15%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $0.71 and $0.64. There is 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, Naked Brand Group Inc. finds support just below today's level at $0.71. If this is broken, then the next support from accumulated volume will be at $0.64 and $0.62.

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 $0.0430 between high and low, or 6.06%. For the last week, the stock has had a daily average volatility of 10.20%.

Our recommended stop-loss: $0.71 (-5.18%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 day(s) ago.)

Is Naked Brand Group Inc. stock A Buy?

Naked Brand Group Inc. 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.

Current score: -0.477

Predicted Opening Price for Naked Brand Group Inc. of Monday, June 14, 2021

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

Fair opening price June 14, 2021 Current price
$0.74 $0.75 (Overvalued)
Hold/Accumulate Unchanged

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Volatility
10.20 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.80
Price: $0.75
Support: $0.71

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.78 4.37 %
0.76 2.17 %
0.75 0.82 %
Current price: 0.75
Support 0.72 -3.58 %
0.71 -4.94 %
0.69 -7.14 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.82 10.07 %
0.82 9.50 %
0.80 7.10 %
Current price 0.75
Support 0.71 -5.05%
0.64 -14.73%
0.62 -17.14%

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About Naked Brand Group Inc.

Naked Brand Group Inc. designs, manufactures, and sells men’s and women’s underwear, intimate apparel, loungewear, and sleepwear products in the United States and Canada. It offers various innerwear products for men, including boxer briefs, trunks, briefs, undershirts, T-shirts, lounge pants, lounge shorts, and robes; and loungewear and sleepwear products for women, such as boyshorts, hipsters, lounge pants and tops, camisoles, tank tops, pajam... Read more

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