Niu Technologies Stock Forecast
Niu Technologies stock price up more than 10.24% on Friday
(Updated on Apr 26, 2024)
The Niu Technologies stock price gained 10.24% on the last trading day (Friday, 26th Apr 2024), rising from $2.05 to $2.26. During the last trading day the stock fluctuated 6.84% from a day low at $2.12 to a day high of $2.27. The price has fallen in 5 of the last 10 days but is still up by 2.73% 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, 278 thousand more shares were traded than the day before. In total, 429 thousand shares were bought and sold for approximately $970.15 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 17.57% during the next 3 months and, with a 90% probability hold a price between $2.05 and $2.89 at the end of this 3-month period.
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NIU Signals & Forecast
The Niu Technologies 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 $2.07 and $1.92. A breakdown below any of these levels will issue sell signals. Niu Technologies 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. Higher liquidity also reduces the general risk. 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 11, 2024, and so far it has fallen -5.44%. 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).
Support, Risk & Stop-loss for Niu Technologies stock
Niu Technologies finds support from accumulated volume at $2.20 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.145 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 7.16%.
Our recommended stop-loss: $2.15 (-4.72%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (NIU) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Niu Technologies to open at $2.22, and during the day (based on 14 day Average True Range), to move between $2.09 and $2.43, which gives a possible trading interval of +/-$0.167 (+/-7.38%) up or down from last closing price. If Niu Technologies takes out the full calculated possible swing range there will be an estimated 14.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.27 (0.44%) than the support at $2.20 (2.65%), 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 Niu Technologies 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 Niu Technologies stock to perform well in the short-term.
Current score: 4.663 Buy Candidate Unchanged
Predicted Opening Price for Niu Technologies of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $2.22 ( 1.99%) | $2.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NIU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.36 | 4.42 % | |
| R2 | 2.30 | 1.97 % | ||
| R1 | 2.27 | 0.460 % | ||
| Current price: | 2.26 | |||
| Support | S1 | 2.16 | -4.44 % | |
| S2 | 2.13 | -5.96 % | ||
| S3 | 2.07 | -8.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.39 | 5.75 % | |
| R2 | 2.28 | 0.88 % | ||
| R1 | 2.27 | 0.442 % | ||
| Current price | 2.26 | |||
| Support | S1 | 2.20 | -2.65% | |
| S2 | 1.92 | -15.04% | ||
| S3 | 1.78 | -21.24% |
FAQ
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