99 Acquisition Group Inc. Class A Common Stock Forecast
99 Acquisition Group Inc. Class A Common stock price ended at $10.50 on Tuesday, after gaining 0.0953%.
(Updated on Jun 25, 2024)
The 99 Acquisition Group Inc. Class A Common stock price gained 0.0953% on the last trading day (Tuesday, 25th Jun 2024), rising from $10.49 to $10.50. During the last trading day the stock fluctuated 0% from a day low at $10.50 to a day high of $10.50. The price has been going up and down for this period, and there has been a 0.1% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 697 more shares were traded than the day before. In total, 901 shares were bought and sold for approximately $9.46 thousand.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.00% during the next 3 months and, with a 90% probability hold a price between $10.67 and $10.82 at the end of this 3-month period.
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NNAG Signals & Forecast
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 $10.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 1.45%. Further rise is indicated until a new top pivot has been found. 99 Acquisition Group Inc. Class A Common has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 with good liquidity the risk is considered very low in this stock. 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 0.0763%.
Our recommended stop-loss: $9.82 (-6.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (NNAG) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect 99 Acquisition Group Inc. Class A Common Stock to open at $10.50, and during the day (based on 14 day Average True Range), to move between $10.47 and $10.53, which gives a possible trading interval of +/-$0.0260 (+/-0.25%) 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 0.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $10.47, some $0.0300 (0.29%) from the current price of $10.50, 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: 3.638 Buy Candidate Unchanged
Predicted Opening Price for 99 Acquisition Group Inc. Class A Common Stock of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $10.50 ( 0%) | $10.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NNAG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.50 | - |
| R2 | 10.50 | - |
| R1 | 10.50 | - |
| Price | 10.50 | |
| S1 | 10.50 | - |
| S2 | 10.50 | - |
| S3 | 10.50 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 10.50 | |
| S1 | 10.47 | -0.286% |
| S2 | 10.44 | -0.571% |
| S3 | 10.34 | -1.52% |
FAQ
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