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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NKL.V
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Red day on Friday for Nickel 28 Capital Corp.
(Updated on Jun 14, 2024)

Sell candidate since Jun 11, 2024 Loss -7.35% PDF

The Nickel 28 Capital Corp. stock price fell by -3.08% on the last day (Friday, 14th Jun 2024) from $0.650 to $0.630. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 1.59% from a day low at $0.630 to a day high of $0.640. The price has fallen in 8 of the last 10 days and is down by -17.11% for this period. Volume has increased on the last day by 18 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, 26 thousand shares were bought and sold for approximately $16.07 thousand.

Given the current short-term trend, the stock is expected to rise 17.35% during the next 3 months and, with a 90% probability hold a price between $0.739 and $0.91 at the end of this 3-month period.

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NKL.V Signals & Forecast

There are few to no technical positive signals at the moment. The Nickel 28 Capital Corp. 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 $0.682 and $0.696. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -17.11%. 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). Nickel 28 Capital Corp. 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 very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Nickel 28 Capital Corp. stock

Nickel 28 Capital Corp. finds support from accumulated volume at $0.620 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 3.39%.

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

Trading Expectations (NKL.V) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Nickel 28 Capital Corp. to open at $0.633, and during the day (based on 14 day Average True Range), to move between $0.606 and $0.654, which gives a possible trading interval of +/-$0.0238 (+/-3.78%) up or down from last closing price. If Nickel 28 Capital Corp. takes out the full calculated possible swing range there will be an estimated 7.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.620 (1.59%) than the resistance at $0.680 (7.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nickel 28 Capital Corp. stock A Buy?

The Nickel 28 Capital Corp. stock holds several negative signals and despite the positive trend, we believe Nickel 28 Capital Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.302 Sell Candidate Unchanged

Predicted Opening Price for Nickel 28 Capital Corp. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$0.633 ( 0.529%) $0.630

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

Trading levels for NKL.V

Fibonacci Support & Resistance Levels

Level Price
R3 0.643 2.12%
R2 0.640 1.51%
R1 0.637 1.14%
Price 0.630
S1 0.630 -0.0772%
S2 0.627 -0.452%
S3 0.623 -1.06%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.760 20.63%
R2 0.740 17.46%
R1 0.680 7.94%
Price 0.630
S1 0.620 -1.59%
S2 0.600 -4.76%
S3 0.590 -6.35%

FAQ

What is the symbol for Nickel 28 Capital Corp. Stock and on which exchange is it traded?
The symbol for Nickel 28 Capital Corp. is NKL.V and it is traded on the TSXV (Toronto Stock Exchange Ventures).

Should I buy or sell Nickel 28 Capital Corp. Stock?
The Nickel 28 Capital Corp. stock holds several negative signals and despite the positive trend, we believe Nickel 28 Capital Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Nickel 28 Capital Corp. Stock?
Nickel 28 Capital Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nickel 28 Capital Corp. Stock.

What's the current price of Nickel 28 Capital Corp. Stock?
As of the end of day on the Jun 14, 2024, the price of an Nickel 28 Capital Corp. (NKL.V) share was $0.630.

What is the 52-week high and low for Nickel 28 Capital Corp. Stock?
The 52-week high for Nickel 28 Capital Corp. Stock is $1.40 and the 52-week low is $0.520.

What is the market capitalization of Nickel 28 Capital Corp. Stock?
As of the Jun 14, 2024, the market capitalization of Nickel 28 Capital Corp. is 57.724M.

When is the next earnings date for Nickel 28 Capital Corp.?
The upcoming earnings date for Nickel 28 Capital Corp. is Sep 24, 2024.
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