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Neptune Technologies & Bioresources Inc Stock Forecast NASDAQ:NEPT

$0.45 (1.75%)

Volume: 572k

Closed: Dec 08, 2021

Hollow Logo Score: -4.294

Neptune Technologies & Bioresources Inc Stock Forecast

$0.45 (1.75%)

Volume: 572k

Closed: Dec 08, 2021

Score Hollow Logo -4.294
Which way will NEPT go? Request
Key Stats
Beta 2.05
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 37 and the stock is currently not being overbought or oversold

Green day on Wednesday for Neptune Technologies & Bioresources Inc
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-19 Loss -17.09%

The Neptune Technologies & Bioresources Inc stock price gained 1.75% on the last trading day (Wednesday, 8th Dec 2021), rising from $0.44 to $0.45. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 6.70% from a day low at $0.43 to a day high of $0.46. The price has been going up and down for this period, and there has been a -12.54% loss for the last 2 weeks. Volume fell on the last day by -96 thousand shares and in total, 572 thousand shares were bought and sold for approximately $256.14 thousand. 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 -21.03% during the next 3 months and, with a 90% probability hold a price between $0.32 and $0.46 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Neptune Technologies & Bioresources Inc 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 $0.51. On a fall, the stock will find some support from the short-term average at $0.44. 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. 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 also not. A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 9.20%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Neptune Technologies & Bioresources Inc finds support from accumulated volume at $0.45 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0288 between high and low, or 6.70%. For the last week the stock has had a daily average volatility of 7.32%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Neptune Technologies & Bioresources Inc stock A Buy?

Neptune Technologies & Bioresources Inc 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.

Current score: -4.294

Predicted Opening Price for Neptune Technologies & Bioresources Inc of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$0.45 $0.45 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 17, 2021 "Desjardins" gave "C$1.00 - C$0.75" rating for NEPT. The price target was set to $0.55+9.0%.

Volatility and Risk
Daily Average Volatility: 7.32 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.32 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.48
Price: $0.45
Support: $0.45

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.47 5.94 %
0.46 3.48 %
0.46 1.97 %
Current price: 0.45
Support 0.43 -2.95 %
0.43 -4.47 %
0.42 -6.92 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.55 21.76 %
0.49 10.14 %
0.48 7.66 %
Current price 0.45
Support 0.45 -0.38%
0.45 -0.60%
0.41 -8.42%

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About Neptune Technologies & Bioresources Inc

Neptune Technologies & Bioressources Inc., a nutrition company, develops, manufactures, and commercializes marine-derived omega-3 polyunsaturated fatty acids from Antarctic krill. The company also provides custom-made nutraceutical finished products from marine oils, and various other functional ingredients. Its products include Neptune Krill Oil (NKO), which provides omega-3 with superior bioavailability and antioxidant content; NKO Beat improve... Read more

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