Nickel 28 Capital Corp. Stock Forecast
Red day on Friday for Nickel 28 Capital Corp.
(Updated on Jun 14, 2024)
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
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