99 Acquisition Group Inc. Warrant Stock Forecast
High volatility in 99 Acquisition Group Inc. Warrant stock price on Friday which ended trading at $0.0460
(Updated on Jun 21, 2024)
The 99 Acquisition Group Inc. Warrant stock price fell by -16.67% on the last day (Friday, 21st Jun 2024) from $0.0552 to $0.0460. During the last trading day the stock fluctuated 35.87% from a day low at $0.0460 to a day high of $0.0625. The price has fallen in 4 of the last 10 days and is down by -8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -41 thousand shares and in total, 2 thousand shares were bought and sold for approximately $78.29 .
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 -2.06% during the next 3 months and, with a 90% probability hold a price between $0.0321 and $0.0713 at the end of this 3-month period.
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NNAGW Signals & Forecast
The 99 Acquisition Group Inc. Warrant stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0472. On a fall, the stock will find some support from the long-term average at approximately $0.0458. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 09, 2024, and so far it has fallen -38.01%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for 99 Acquisition Group Inc. Warrant stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0390 and $0.0358. 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, 99 Acquisition Group Inc. Warrant finds support just below today's level at $0.0390. If this is broken, then the next support from accumulated volume will be at $0.0358 and $0.0351.
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 $0.0165 between high and low, or 35.87%. For the last week the stock has had daily average volatility of 66.10%.
Our recommended stop-loss: $0.0432 (-6.10%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (NNAGW) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect 99 Acquisition Group Inc. Warrant to open at $0.0515, and during the day (based on 14 day Average True Range), to move between $0.0274 and $0.0646, which gives a possible trading interval of +/-$0.0186 (+/-40.52%) up or down from last closing price. If 99 Acquisition Group Inc. Warrant takes out the full calculated possible swing range there will be an estimated 81.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0494 (7.39%) than the support at $0.0390 (15.22%), 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 99 Acquisition Group Inc. Warrant stock A Buy?
99 Acquisition Group Inc. Warrant 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.256 Hold/Accumulate Downgraded
Predicted Opening Price for 99 Acquisition Group Inc. Warrant of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.0515 ( 11.96%) | $0.0460 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NNAGW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0680 | 47.83% |
| R2 | 0.0617 | 34.12% |
| R1 | 0.0578 | 25.66% |
| Price | 0.0460 | |
| S1 | 0.0452 | -1.75% |
| S2 | 0.0413 | -10.21% |
| S3 | 0.0350 | -23.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0552 | 20.00% |
| R2 | 0.0500 | 8.70% |
| R1 | 0.0494 | 7.39% |
| Price | 0.0460 | |
| S1 | 0.0390 | -15.22% |
| S2 | 0.0358 | -22.17% |
| S3 | 0.0351 | -23.70% |
FAQ
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