Neblio USD Stock Forecast
Big movements in Neblio USD stock price on Friday moving 13.20% between high and low
(Updated on Jun 28, 2024)
The Neblio USD stock price fell by -12.22% on the last day (Friday, 28th Jun 2024) from $0.0093 to $0.0082. During the last trading day the stock fluctuated 13.20% from a day low at $0.0081 to a day high of $0.0092. The price has fallen in 6 of the last 10 days but is still up by 14.16% over the past 2 weeks. 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, 31 thousand shares were bought and sold for approximately $252.04 .
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 -7.87% during the next 3 months and, with a 90% probability hold a price between $0.0055 and $0.0120 at the end of this 3-month period.
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NEBLUSD Signals & Forecast
There are mixed signals in the stock today. The Neblio USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0087. On a fall, the stock will find some support from the short-term average at $0.0079. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -12.22%. Further fall is indicated until a new bottom pivot has been found. Neblio USD 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Neblio USD stock
Neblio USD finds support from accumulated volume at $0.0081 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0011 between high and low, or 13.20%. For the last week, the stock has had daily average volatility of 11.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEBLUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Neblio USD to open at $0.0085, and during the day (based on 14 day Average True Range), to move between $0.0070 and $0.0094, which gives a possible trading interval of +/-$0.0012 (+/-14.89%) up or down from last closing price. If Neblio USD takes out the full calculated possible swing range there will be an estimated 29.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0083 (0.80%) than the support at $0.0081 (1.40%), 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 Neblio USD stock A Buy?
Neblio USD holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -4.653 Sell Candidate Downgraded
Predicted Opening Price for Neblio USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0085 ( 3.39%) | $0.0082 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEBLUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0096 | 16.40% |
R2 | 0.0091 | 11.43% |
R1 | 0.0089 | 8.36% |
Price | 0.0082 | |
S1 | 0.0081 | -1.58% |
S2 | 0.0078 | -4.66% |
S3 | 0.0074 | -9.63% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0091 | 11.13% |
R2 | 0.0087 | 5.44% |
R1 | 0.0083 | 0.80% |
Price | 0.0082 | |
S1 | 0.0081 | -1.40% |
S2 | 0.0078 | -4.80% |
S3 | 0.0068 | -16.54% |
FAQ
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