Newfoundland Discovery Corp. Stock Forecast

Newfoundland Discovery Corp. stock price up more than 50.00% on Friday
(Updated on Jun 28, 2024)

NEWD.CN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 50.00%. Further rise is indicated until a new top pivot has been found. Newfoundland Discovery Corp. 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 Newfoundland Discovery Corp. 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 $0.0164. On a fall, the stock will find some support from the short-term average at $0.0107. 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).

Support, Risk & Stop-loss for Newfoundland Discovery Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

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

Trading Expectations (NEWD.CN) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Newfoundland Discovery Corp. to open at $0.0150, and during the day (based on 14 day Average True Range), to move between $0.0128 and $0.0172, which gives a possible trading interval of +/-$0.0022 (+/-14.98%) up or down from last closing price. If Newfoundland Discovery Corp. takes out the full calculated possible swing range there will be an estimated 29.97% move between the lowest and the highest trading price during the day.

Is Newfoundland Discovery Corp. stock A Buy?

Newfoundland Discovery Corp. 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 Hold/Accumulate to a Sell candidate.

Current score: -2.480 Sell Candidate Downgraded

Predicted Opening Price for Newfoundland Discovery Corp. of Tuesday, July 2, 2024

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