Neptune Digital Assets Corp. Stock Forecast
A very strong day for Neptune Digital Assets Corp. stock price on Friday
(Updated on May 17, 2024)
The Neptune Digital Assets Corp. stock price gained 7.33% on the last trading day (Friday, 17th May 2024), rising from $0.224 to $0.240. During the last trading day the stock fluctuated 7.17% from a day low at $0.224 to a day high of $0.240. The price has been going up and down for this period, and there has been a 4.8% 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, 102 thousand more shares were traded than the day before. In total, 113 thousand shares were bought and sold for approximately $27.13 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 -11.24% during the next 3 months and, with a 90% probability hold a price between $0.177 and $0.239 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NPPTF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 14.29%. 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). Neptune Digital Assets Corp. 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. The Neptune Digital Assets Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.242. On a fall, the stock will find some support from the short-term average at $0.223. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Neptune Digital Assets Corp. stock
Neptune Digital Assets Corp. finds support from accumulated volume at $0.239 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 $0.0161 between high and low, or 7.17%. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: $0.231 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (NPPTF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Neptune Digital Assets Corp. to open at $0.235, and during the day (based on 14 day Average True Range), to move between $0.226 and $0.254, which gives a possible trading interval of +/-$0.0144 (+/-6.00%) up or down from last closing price. If Neptune Digital Assets Corp. takes out the full calculated possible swing range there will be an estimated 12.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.239 (0.33%) than the resistance at $0.250 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Neptune Digital Assets Corp. stock A Buy?
Neptune Digital Assets Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.364 Hold/Accumulate Upgraded
Predicted Opening Price for Neptune Digital Assets Corp. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.235 ( 2.23%) | $0.240 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NPPTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.251 | 4.46 % | |
| R2 | 0.245 | 1.90 % | ||
| R1 | 0.241 | 0.325 % | ||
| Current price: | 0.240 | |||
| Support | S1 | 0.229 | -4.78 % | |
| S2 | 0.225 | -6.36 % | ||
| S3 | 0.219 | -8.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.282 | 17.44 % | |
| R2 | 0.271 | 12.75 % | ||
| R1 | 0.250 | 4.17 % | ||
| Current price | 0.240 | |||
| Support | S1 | 0.239 | -0.333% | |
| S2 | 0.227 | -5.33% | ||
| S3 | 0.212 | -11.67% |
FAQ
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