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Nemus Bioscience, Inc. Stock Forecast OTCMKTS:NMUS

$0.0545 (-9.02%)

Volume: 2M

Closed: Jan 21, 2022

Hollow Logo Score: -1.728

Nemus Bioscience, Inc. Stock Forecast

$0.0545 (-9.02%)

Volume: 2M

Closed: Jan 21, 2022

Score Hollow Logo -1.728
Which way will NMUS go? Request

NMUS Stock Risk

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 $0.0120 between high and low, or 24.00%. For the last week, the stock has had a daily average volatility of 19.22%.

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

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 55 and the stock is currently not being overbought or oversold

High volatility in Nemus Bioscience, Inc. stock price on Friday which ended trading at $0.0545
(Updated on Jan 21, 2022)


Sell candidate since 2022-01-21 PDF

The Nemus Bioscience, Inc. stock price fell by -9.02% on the last day (Friday, 21st Jan 2022) from $0.0599 to $0.0545. During the day the stock fluctuated 24.00% from a day low at $0.0500 to a day high of $0.0620. The price has risen in 7 of the last 10 days and is up by 7.6% over the past 2 weeks. Volume has increased on the last day by 859 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, 2 million shares were bought and sold for approximately $89.23 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.37% during the next 3 months and, with a 90% probability hold a price between $0.0380 and $0.0562 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, January 06, 2022, and so far it has risen 7.60%. Further rise is indicated until a new top pivot has been found. 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 Nemus Bioscience, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0577 and $0.0575. A break-up above any of these levels will issue buy signals. Nemus Bioscience, Inc. 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

Nemus Bioscience, Inc. finds support from accumulated volume at $0.0539 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 $0.0120 between high and low, or 24.00%. For the last week, the stock has had a daily average volatility of 19.22%.

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

Is Nemus Bioscience, Inc. stock A Buy?

Nemus Bioscience, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.728

Sell Candidate Downgraded

Predicted Opening Price for Nemus Bioscience, Inc. of Monday, January 24, 2022

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

Fair opening price January 24, 2022 Current price
$0.0555 $0.0545 (Undervalued)

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Volatility and Risk
Daily Average Volatility: 19.22 %
Overall Risk: Very High High Medium Low Very Low
Volatility
19.22 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.0551
Price: $0.0545
Support: $0.0539

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.0675 23.85 %
0.0629 15.44 %
0.0601 10.25 %
Current price: 0.0545
Support 0.0509 -6.58 %
0.0481 -11.77 %
0.0435 -20.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.0620 13.76 %
0.0570 4.59 %
0.0551 1.10 %
Current price 0.0545
Support 0.0539 -1.10%
0.0530 -2.75%
0.0520 -4.59%

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