Netcapital Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Netcapital Inc. stock price on Tuesday which ended trading at $0.149
(Updated on May 21, 2024)
The Netcapital Inc. stock price fell by -11.72% on the last day (Tuesday, 21st May 2024) from $0.169 to $0.149. During the last trading day the stock fluctuated 13.79% from a day low at $0.145 to a day high of $0.165. The price has risen in 6 of the last 10 days and is up by 22.31% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 2 million shares were bought and sold for approximately $303.29 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 -3.39% during the next 3 months and, with a 90% probability hold a price between $0.112 and $0.178 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.
NCPL Signals & Forecast
The Netcapital Inc. 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 $0.146 and $0.131. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -11.72%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Netcapital Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.132 and $0.130. 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, Netcapital Inc. finds support just below today's level at $0.132. If this is broken, then the next support from accumulated volume will be at $0.130 and $0.128.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0200 between high and low, or 13.79%. For the last week the stock has had daily average volatility of 28.53%.
Our recommended stop-loss: $0.140 (-5.90%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NCPL) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Netcapital Inc. to open at $0.153, and during the day (based on 14 day Average True Range), to move between $0.131 and $0.168, which gives a possible trading interval of +/-$0.0186 (+/-12.46%) up or down from last closing price. If Netcapital Inc. takes out the full calculated possible swing range there will be an estimated 24.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.151 (1.27%) than the support at $0.132 (11.80%), 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 Netcapital Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.490 Buy Candidate Unchanged
Predicted Opening Price for Netcapital Inc. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $0.153 ( 2.64%) | $0.149 |
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 | 0.173 | 16.05 % | |
| R2 | 0.165 | 10.93 % | ||
| R1 | 0.161 | 7.76 % | ||
| Current price: | 0.149 | |||
| Support | S1 | 0.145 | -2.49 % | |
| S2 | 0.141 | -5.65 % | ||
| S3 | 0.133 | -10.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.185 | 24.08 % | |
| R2 | 0.169 | 13.28 % | ||
| R1 | 0.151 | 1.27 % | ||
| Current price | 0.149 | |||
| Support | S1 | 0.132 | -11.80% | |
| S2 | 0.130 | -12.81% | ||
| S3 | 0.128 | -14.29% |
FAQ
Click here for our free guide on how to buy Netcapital Inc. Stock.
