NEXE Innovations Inc. Stock Forecast

Red day on Friday for NEXE Innovations Inc.
(Updated on Jun 28, 2024)

NEXNF Signals & Forecast

There are few to no technical positive signals at the moment. The NEXE Innovations Inc. 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 $0.209 and $0.235. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for NEXE Innovations Inc. stock

NEXE Innovations Inc. finds support from accumulated volume at $0.202 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

NEXE Innovations Inc. is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (NEXNF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect NEXE Innovations Inc. to open at $0.208, and during the day (based on 14 day Average True Range), to move between $0.202 and $0.213, which gives a possible trading interval of +/-$0.0050 (+/-2.43%) up or down from last closing price. If NEXE Innovations Inc. takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.202 (2.70%) than the resistance at $0.233 (12.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NEXE Innovations Inc. stock A Buy?

The NEXE Innovations Inc. stock holds several negative signals and despite the positive trend, we believe NEXE Innovations Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.722 Sell Candidate Unchanged

Predicted Opening Price for NEXE Innovations Inc. of Monday, July 1, 2024

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