Nls Pharmaceutics Ag Stock Forecast

On Monday, Nls Pharmaceutics Ag stock price gained an impressive 26.26%
(Updated on Jun 17, 2024)

NLSPW Signals & Forecast

The Nls Pharmaceutics Ag stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0296 and $0.0322. 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 Wednesday, June 12, 2024, and so far it has fallen -8.31%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Nls Pharmaceutics Ag stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0337 and $0.0300. 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, Nls Pharmaceutics Ag finds support just below today's level at $0.0337. If this is broken, then the next support from accumulated volume will be at $0.0300 and $0.0299.

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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 42.89%.

Our recommended stop-loss: $0.0358 (-4.48%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (NLSPW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Nls Pharmaceutics Ag to open at $0.0375, and during the day (based on 14 day Average True Range), to move between $0.0243 and $0.0507, which gives a possible trading interval of +/-$0.0132 (+/-35.20%) up or down from last closing price. If Nls Pharmaceutics Ag takes out the full calculated possible swing range there will be an estimated 70.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0391 (4.27%) than the support at $0.0337 (10.13%), 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 Nls Pharmaceutics Ag stock A Buy?

Nls Pharmaceutics Ag 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.462 Hold/Accumulate Upgraded

Predicted Opening Price for Nls Pharmaceutics Ag of Tuesday, June 18, 2024

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