NEST Protocol USD Stock Forecast
High volatility in NEST Protocol USD stock price on Thursday which ended trading at $0.0019
(Updated on Jul 04, 2024)
The NEST Protocol USD stock price gained 16.94% on the last trading day (Thursday, 4th Jul 2024), rising from $0.0016 to $0.0019. During the last trading day the stock fluctuated 21.44% from a day low at $0.0016 to a day high of $0.0020. The price has fallen in 6 of the last 10 days but is still up by 2.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately $31.98 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 -44.48% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0012 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NESTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, July 03, 2024, and so far it has risen 16.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). NEST Protocol USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NEST Protocol 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 $0.0021. On a fall, the stock will find some support from the short-term average at $0.0018. 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.
Support, Risk & Stop-loss for NEST Protocol USD stock
NEST Protocol USD finds support from accumulated volume at $0.0018 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 $0.0004 between high and low, or 21.44%. For the last week, the stock has had daily average volatility of 11.24%.
Our recommended stop-loss: $0.0018 (-3.94%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (NESTUSD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect NEST Protocol USD to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0017 and $0.0021, which gives a possible trading interval of +/-$0.0002 (+/-10.00%) up or down from last closing price. If NEST Protocol USD takes out the full calculated possible swing range there will be an estimated 20.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0019 (1.64%) than the support at $0.0018 (2.54%), 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 NEST Protocol USD stock A Buy?
NEST Protocol USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.907 Hold/Accumulate Upgraded
Predicted Opening Price for NEST Protocol USD of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $0.0018 ( 2.77%) | $0.0019 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NESTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0022 | 15.79% |
| R2 | 0.0021 | 8.70% |
| R1 | 0.0020 | 4.32% |
| Price | 0.0019 | |
| S1 | 0.0017 | -9.86% |
| S2 | 0.0016 | -14.24% |
| S3 | 0.0015 | -21.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0023 | 19.46% |
| R2 | 0.0022 | 17.35% |
| R1 | 0.0019 | 1.64% |
| Price | 0.0019 | |
| S1 | 0.0018 | -2.54% |
| S2 | 0.0018 | -4.18% |
| S3 | 0.0018 | -4.87% |
FAQ
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