Nisun International Enterprise Stock Forecast
High volatility in Nisun International Enterprise stock price on Friday which ended trading at $7.52
(Updated on Apr 26, 2024)
The Nisun International Enterprise stock price fell by -10.05% on the last day (Friday, 26th Apr 2024) from $8.36 to $7.52. During the last trading day the stock fluctuated 14.01% from a day low at $7.40 to a day high of $8.44. The price has fallen in 6 of the last 10 days but is still up by 31.24% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 55 thousand shares were bought and sold for approximately $412.94 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 43.87% during the next 3 months and, with a 90% probability hold a price between $7.93 and $12.09 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NISN Signals & Forecast
The Nisun International Enterprise stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.95 and $5.49. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -10.05%. Further fall is indicated until a new bottom pivot has been found. 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 stock had a Golden Star Signal on Monday, March 18, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-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 Nisun International Enterprise stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.43 and $5.84. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nisun International Enterprise finds support just below today's level at $6.43. If this is broken, then the next support from accumulated volume will be at $5.84 and $5.73.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $1.04 between high and low, or 14.01%. For the last week the stock has had daily average volatility of 18.03%.
Our recommended stop-loss: $7.09 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (NISN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Nisun International Enterprise Development Group Co., Ltd to open at $7.79, and during the day (based on 14 day Average True Range), to move between $6.87 and $8.17, which gives a possible trading interval of +/-$0.651 (+/-8.66%) up or down from last closing price. If Nisun International Enterprise Development Group Co., Ltd takes out the full calculated possible swing range there will be an estimated 17.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.61 (1.20%) than the support at $6.43 (14.49%), 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 Nisun International Enterprise Development Group Co., Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nisun International Enterprise stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.816 Buy Candidate Downgraded
Predicted Opening Price for Nisun International Enterprise Development Group Co., Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $7.79 ( 3.56%) | $7.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NISN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.82 | 17.35 % | |
| R2 | 8.43 | 12.08 % | ||
| R1 | 8.18 | 8.83 % | ||
| Current price: | 7.52 | |||
| Support | S1 | 7.39 | -1.71 % | |
| S2 | 7.15 | -4.96 % | ||
| S3 | 6.75 | -10.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.36 | 11.17 % | |
| R2 | 7.97 | 5.98 % | ||
| R1 | 7.61 | 1.20 % | ||
| Current price | 7.52 | |||
| Support | S1 | 6.43 | -14.49% | |
| S2 | 5.84 | -22.34% | ||
| S3 | 5.73 | -23.80% |
FAQ
Click here for our free guide on how to buy Nisun International Enterprise Development Group Co., Ltd Stock.
