Netcapital Inc. Stock Forecast
Volatile ride for Netcapital Inc. stock price on Monday moving between $0.0131 and $0.0338
(Updated on Jun 17, 2024)
The Netcapital Inc. stock price gained 12.50% on the last trading day (Monday, 17th Jun 2024), rising from $0.0120 to $0.0135. During the last trading day the stock fluctuated 158.02% from a day low at $0.0131 to a day high of $0.0338. The price has risen in 5 of the last 10 days but is still down by -40% for this period. Volume fell on the last day by -20 thousand shares and in total, 8 thousand shares were bought and sold for approximately $103.34 . 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 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 -29.46% during the next 3 months and, with a 90% probability hold a price between $0.0039 and $0.0212 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.
NCPLW Signals & Forecast
There are few to no technical positive signals at the moment. The Netcapital Inc. 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 $0.0190 and $0.0230. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -66.25%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 $0.0130 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 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 $0.0207 between high and low, or 158.02%. For the last week the stock has had daily average volatility of 178.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NCPLW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Netcapital Inc. to open at $0.0201, and during the day (based on 14 day Average True Range), to move between -$0.0013 and $0.0283, which gives a possible trading interval of +/-$0.0148 (+/-109.68%) up or down from last closing price. If Netcapital Inc. takes out the full calculated possible swing range there will be an estimated 219.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0130 (3.70%) than the resistance at $0.0159 (17.78%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -6.793 Strong Sell Candidate Downgraded
Predicted Opening Price for Netcapital Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0201 ( 49.14%) | $0.0135 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCPLW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0408 | 202.47% |
| R2 | 0.0329 | 143.90% |
| R1 | 0.0280 | 107.71% |
| Price | 0.0135 | |
| S1 | 0.0122 | -9.44% |
| S2 | 0.0073 | -45.62% |
| S3 | -0.0006 | -104.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0165 | 22.22% |
| R1 | 0.0159 | 17.78% |
| Price | 0.0135 | |
| S1 | 0.0130 | -3.70% |
| S2 | 0.0120 | -11.11% |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Netcapital Inc. Stock.
