Nisun International Enterprise Stock Forecast
Nisun International Enterprise stock downgraded to Hold/Accumulate
(Updated on May 07, 2024)
The Nisun International Enterprise stock price fell by -3.31% on the last day (Tuesday, 7th May 2024) from $7.55 to $7.30. During the last trading day the stock fluctuated 7.88% from a day low at $7.14 to a day high of $7.70. The price has fallen in 8 of the last 10 days and is down by -8.41% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 92 thousand shares were bought and sold for approximately $671.20 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 67.12% during the next 3 months and, with a 90% probability hold a price between $10.07 and $14.75 at the end of this 3-month period.
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NISN Signals & Forecast
The Nisun International Enterprise stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.34. On a fall, the stock will find some support from the long-term average at approximately $6.08. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -12.68%. Further fall is indicated until a new bottom pivot has been found. Nisun International Enterprise gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $5.73. 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 $5.73 and $5.54.
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 $0.563 between high and low, or 7.88%. For the last week, the stock has had daily average volatility of 6.73%.
Our recommended stop-loss: $6.96 (-4.72%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (NISN) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Nisun International Enterprise Development Group Co., Ltd to open at $7.38, and during the day (based on 14 day Average True Range), to move between $6.72 and $7.88, which gives a possible trading interval of +/-$0.579 (+/-7.93%) 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 15.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.55 (3.42%) than the support at $6.43 (11.92%), 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?
Nisun International Enterprise 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.685 Hold/Accumulate Downgraded
Predicted Opening Price for Nisun International Enterprise Development Group Co., Ltd of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$7.38 ( 1.08%) | $7.30 |
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 | 7.94 | 8.79 % | |
R2 | 7.73 | 5.84 % | ||
R1 | 7.59 | 4.02 % | ||
Current price: | 7.30 | |||
Support | S1 | 7.16 | -1.87 % | |
S2 | 7.03 | -3.68 % | ||
S3 | 6.82 | -6.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.97 | 9.18 % | |
R2 | 7.61 | 4.25 % | ||
R1 | 7.55 | 3.42 % | ||
Current price | 7.30 | |||
Support | S1 | 6.43 | -11.92% | |
S2 | 5.73 | -21.51% | ||
S3 | 5.54 | -24.11% |
FAQ
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