NEMO USD Stock Forecast

NEMO USD stock price down 0.0298% on Friday
(Updated on Jun 21, 2024)

NEMOUSD Signals & Forecast

There are few to no technical positive signals at the moment. The NEMO USD 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 $0.101 and $0.105. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -7.10%. 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 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Sunday, May 05, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for NEMO USD stock

NEMO USD finds support from accumulated volume at $0.100 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0002 between high and low, or 0.159%. For the last week the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $0.0943 (-6.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)

Trading Expectations (NEMOUSD) For The Upcoming Trading Day Of Saturday 22nd

For the upcoming trading day on Saturday, 22nd we expect NEMO USD to open at $0.101, and during the day (based on 14 day Average True Range), to move between $0.0997 and $0.102, which gives a possible trading interval of +/-$0.0011 (+/-1.08%) up or down from last closing price. If NEMO USD takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.101 (0.03%) than the support at $0.100 (0.35%), 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 NEMO USD stock A Buy?

NEMO USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.257 Hold/Accumulate Unchanged

Predicted Opening Price for NEMO USD of Saturday, June 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.