99 Acquisition Group Inc. Class A Common Stock Forecast

Green day on Monday for 99 Acquisition Group Inc. Class A Common stock after gaining 0.0954%
(Updated on Jun 17, 2024)

NNAG Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen 0%. 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). 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. The 99 Acquisition Group Inc. Class A Common stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.49 and $10.44. A breakdown below any of these levels will issue sell signals.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for 99 Acquisition Group Inc. Class A Common stock

99 Acquisition Group Inc. Class A Common finds support from accumulated volume at $10.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0036 between high and low, or 0.0343%. For the last week the stock has had daily average volatility of 0.0389%

Our recommended stop-loss: $9.90 (-5.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

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

For the upcoming trading day on Tuesday, 18th we expect 99 Acquisition Group Inc. Class A Common Stock to open at $10.49, and during the day (based on 14 day Average True Range), to move between $10.46 and $10.52, which gives a possible trading interval of +/-$0.0327 (+/-0.31%) up or down from last closing price. If 99 Acquisition Group Inc. Class A Common Stock takes out the full calculated possible swing range there will be an estimated 0.62% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $10.47, some $0.0200 (0.19%) from the current price of $10.49, our system finds the risk reward attractive.

Is 99 Acquisition Group Inc. Class A Common Stock stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 99 Acquisition Group Inc. Class A Common stock to perform well in the short-term.

Current score: 3.377 Buy Candidate Unchanged

Predicted Opening Price for 99 Acquisition Group Inc. Class A Common Stock of Tuesday, June 18, 2024

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