Nanophase Technologies Corp Stock Forecast
Nanophase Technologies Corp stock price ended at $1.55 on Friday, after losing 3.73%.
(Updated on Jun 28, 2024)
The Nanophase Technologies Corp stock price fell by -3.73% on the last day (Friday, 28th Jun 2024) from $1.61 to $1.55. During the last trading day the stock fluctuated 3.90% from a day low at $1.54 to a day high of $1.60. The price has risen in 5 of the last 10 days. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $4.54 thousand.
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 $1.48 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 80.40% during the next 3 months and, with a 90% probability hold a price between $2.68 and $3.51 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NANX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -9.88%. 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). Nanophase Technologies Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The Nanophase Technologies Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.53 and $1.50. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Nanophase Technologies Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.40 and $1.37. 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, Nanophase Technologies Corp finds support just below today's level at $1.40. If this is broken, then the next support from accumulated volume will be at $1.37 and $1.30.
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 3.90%. For the last week, the stock has had daily average volatility of 4.35%.
Our recommended stop-loss: $1.47 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 66 days ago.)
Trading Expectations (NANX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nanophase Technologies Corp to open at $1.56, and during the day (based on 14 day Average True Range), to move between $1.46 and $1.64, which gives a possible trading interval of +/-$0.0862 (+/-5.56%) up or down from last closing price. If Nanophase Technologies Corp takes out the full calculated possible swing range there will be an estimated 11.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.56 (0.65%) than the support at $1.40 (9.68%), 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 Nanophase Technologies Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nanophase Technologies Corp stock to perform well in the short-term.
Current score: 3.834 Buy Candidate Unchanged
Predicted Opening Price for Nanophase Technologies Corp of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.56 ( 0.86%) | $1.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NANX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.62 | 4.73% |
| R2 | 1.60 | 3.25% |
| R1 | 1.59 | 2.34% |
| Price | 1.55 | |
| S1 | 1.54 | -0.618% |
| S2 | 1.53 | -1.53% |
| S3 | 1.50 | -3.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.68 | 8.39% |
| R2 | 1.60 | 3.23% |
| R1 | 1.56 | 0.645% |
| Price | 1.55 | |
| S1 | 1.40 | -9.68% |
| S2 | 1.37 | -11.61% |
| S3 | 1.30 | -16.13% |
FAQ
Click here for our free guide on how to buy Nanophase Technologies Corp Stock.
