Nano Nuclear Energy Inc Stock Forecast

Big movements in Nano Nuclear Energy Inc stock price on Tuesday moving 72.02% between high and low
(Updated on Jun 25, 2024)

NNE Signals & Forecast

The Nano Nuclear Energy Inc 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 $15.90 and $7.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 354.69%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Nano Nuclear Energy Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $15.70 between high and low, or 72.02%. For the last week, the stock has had daily average volatility of 41.36%.

The Nano Nuclear Energy Inc stock is extremely overbought on RSI14 (94). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Nano Nuclear Energy Inc has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $28.19 (-3.12%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 94 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (NNE) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Nano Nuclear Energy Inc to open at $29.47, and during the day (based on 14 day Average True Range), to move between $25.98 and $32.22, which gives a possible trading interval of +/-$3.12 (+/-10.71%) up or down from last closing price. If Nano Nuclear Energy Inc takes out the full calculated possible swing range there will be an estimated 21.42% move between the lowest and the highest trading price during the day.

Is Nano Nuclear Energy Inc stock A Buy?

Nano Nuclear Energy Inc 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Nano Nuclear Energy Inc of Wednesday, June 26, 2024

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