Netcapital Inc. Stock Forecast
Red day on Friday for Netcapital Inc. stock after losing 1.43%
(Updated on May 03, 2024)
The Netcapital Inc. stock price fell by -1.43% on the last day (Friday, 3rd May 2024) from $0.126 to $0.124. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.70% from a day low at $0.123 to a day high of $0.130. The price has fallen in 7 of the last 10 days and is down by -5.34% for this period. Volume has increased on the last day by 4 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, 411 thousand shares were bought and sold for approximately $51.00 thousand.
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 -16.75% during the next 3 months and, with a 90% probability hold a price between $0.0920 and $0.118 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.
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NCPL Signals & Forecast
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 Netcapital Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.130 and $0.128. 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 24, 2024, and so far it has fallen -14.48%. Further fall is indicated until a new bottom pivot has been found. Netcapital Inc. 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 Netcapital Inc. stock
Netcapital Inc. finds support from accumulated volume at $0.124 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 $0.0070 between high and low, or 5.70%. For the last week, the stock has had daily average volatility of 6.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NCPL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Netcapital Inc. to open at $0.125, and during the day (based on 14 day Average True Range), to move between $0.113 and $0.135, which gives a possible trading interval of +/-$0.0114 (+/-9.20%) up or down from last closing price. If Netcapital Inc. takes out the full calculated possible swing range there will be an estimated 18.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.124 (0.40%) than the resistance at $0.128 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Netcapital Inc. stock A Buy?
Netcapital 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: -4.970 Sell Candidate Unchanged
Predicted Opening Price for Netcapital Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.125 ( 1.18%) | $0.124 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCPL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.132 | 6.83 % | |
| R2 | 0.130 | 4.67 % | ||
| R1 | 0.128 | 3.34 % | ||
| Current price: | 0.124 | |||
| Support | S1 | 0.123 | -0.97 % | |
| S2 | 0.121 | -2.31 % | ||
| S3 | 0.118 | -4.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.154 | 24.19 % | |
| R2 | 0.145 | 16.94 % | ||
| R1 | 0.128 | 3.06 % | ||
| Current price | 0.124 | |||
| Support | S1 | 0.124 | -0.403% | |
| S2 | 0.122 | -1.53% | ||
| S3 | 0.121 | -2.26% |
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