New Leaf Ventures Stock Forecast
New Leaf Ventures stock upgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The New Leaf Ventures stock price fell by -3.23% on the last day (Friday, 19th Apr 2024) from $0.0093 to $0.0090. During the last trading day the stock fluctuated 0% from a day low at $0.0090 to a day high of $0.0090. The price has fallen in 5 of the last 10 days and is down by -12.62% for this period. Volume has increased on the last day by 640 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, 900 shares were bought and sold for approximately $8.10 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0129 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NLVVF Signals & Forecast
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. The New Leaf Ventures 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 $0.0113 and $0.0147. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -38.78%. Further fall is indicated until a new bottom pivot has been found. New Leaf Ventures 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 New Leaf Ventures stock
New Leaf Ventures finds support from accumulated volume at $0.0088 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 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 7.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NLVVF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect New Leaf Ventures to open at $0.0090, and during the day (based on 14 day Average True Range), to move between $0.0029 and $0.0151, which gives a possible trading interval of +/-$0.0061 (+/-67.57%) up or down from last closing price. If New Leaf Ventures takes out the full calculated possible swing range there will be an estimated 135.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0088 (2.22%) than the resistance at $0.0093 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is New Leaf Ventures stock A Buy?
New Leaf Ventures holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.841 Sell Candidate Upgraded
Predicted Opening Price for New Leaf Ventures of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.0090 ( 0%) | $0.0090 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NLVVF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0090 | . | |
| R2 | 0.0090 | . | ||
| R1 | 0.0090 | . | ||
| Current price: | 0.0090 | |||
| Support | S1 | 0.0090 | . | |
| S2 | 0.0090 | . | ||
| S3 | 0.0090 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0099 | 10.00 % | |
| R2 | 0.0095 | 5.56 % | ||
| R1 | 0.0093 | 2.78 % | ||
| Current price | 0.0090 | |||
| Support | S1 | 0.0088 | -2.22% | |
| S2 | 0.0078 | -13.33% | ||
| S3 | 0.0075 | -16.67% |
FAQ
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