NAOS Emerging Opportunities Co Ltd Stock Forecast
Red day on Friday for NAOS Emerging Opportunities Co Ltd stock after losing 2.27%
(Updated on Jun 21, 2024)
The NAOS Emerging Opportunities Co Ltd stock price fell by -2.27% on the last day (Friday, 21st Jun 2024) from $0.440 to $0.430. During the last trading day the stock fluctuated 2.35% from a day low at $0.425 to a day high of $0.435. The price has fallen in 7 of the last 10 days and is down by -15.69% for this period. Volume has increased on the last day by 96 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, 170 thousand shares were bought and sold for approximately $73.30 thousand.
The stock lies in the middle of a 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 -30.38% during the next 3 months and, with a 90% probability hold a price between $0.279 and $0.332 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NCC.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.61%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NAOS Emerging Opportunities Co Ltd 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 $0.441 and $0.511. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). NAOS Emerging Opportunities Co Ltd 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.
Support, Risk & Stop-loss for NAOS Emerging Opportunities Co Ltd stock
NAOS Emerging Opportunities Co Ltd finds support from accumulated volume at $0.415 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 4.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NCC.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect NAOS Emerging Opportunities Company Limited to open at $0.430, and during the day (based on 14 day Average True Range), to move between $0.414 and $0.446, which gives a possible trading interval of +/-$0.0162 (+/-3.76%) up or down from last closing price. If NAOS Emerging Opportunities Company Limited takes out the full calculated possible swing range there will be an estimated 7.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.445 (3.49%) than the support at $0.415 (3.49%), 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 NAOS Emerging Opportunities Company Limited stock A Buy?
NAOS Emerging Opportunities Co Ltd holds several negative signals and is within a 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: -4.966 Sell Candidate Unchanged
Predicted Opening Price for NAOS Emerging Opportunities Company Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.430 ( 0%) | $0.430 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.440 | 2.33% |
| R2 | 0.436 | 1.44% |
| R1 | 0.434 | 0.89% |
| Price | 0.430 | |
| S1 | 0.426 | -0.89% |
| S2 | 0.424 | -1.44% |
| S3 | 0.420 | -2.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.520 | 20.93% |
| R2 | 0.510 | 18.60% |
| R1 | 0.445 | 3.49% |
| Price | 0.430 | |
| S1 | 0.415 | -3.49% |
| S2 | 0 | - |
| S3 | 0 | - |
NCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Apr 24, 2024 | $0.0375 | 6.52% |
| 2 | Oct 04, 2023 | Oct 04, 2023 | Oct 04, 2023 | $0.0375 | 5.17% |
| 3 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | $0.0375 | 5.10% |
| 4 | Oct 05, 2022 | Oct 05, 2022 | Oct 05, 2022 | $0.0375 | 4.60% |
| 5 | Mar 28, 2022 | Mar 28, 2022 | Mar 28, 2022 | $0.0375 | 3.64% |
FAQ
Click here for our free guide on how to buy NAOS Emerging Opportunities Company Limited Stock.
