Nanalysis Scientific Corp. Stock Forecast
Green day on Tuesday for Nanalysis Scientific Corp.
(Updated on Jun 18, 2024)
The Nanalysis Scientific Corp. stock price gained 3.45% on the last trading day (Tuesday, 18th Jun 2024), rising from $0.290 to $0.300. During the last trading day the stock fluctuated 0.0333% from a day low at $0.300 to a day high of $0.300. The price has been going up and down for this period, and there has been a -9.09% loss for the last 2 weeks. Volume fell on the last day by -78 thousand shares and in total, 4 thousand shares were bought and sold for approximately $1.20 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.284 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.76% during the next 3 months and, with a 90% probability hold a price between $0.326 and $0.422 at the end of this 3-month period.
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NSCIF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nanalysis Scientific Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.310 and $0.326. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -15.11%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Nanalysis Scientific Corp. stock
Nanalysis Scientific Corp. finds support from accumulated volume at $0.287 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0001 between high and low, or 0.0333%. For the last week the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NSCIF) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Nanalysis Scientific Corp. to open at $0.300, and during the day (based on 14 day Average True Range), to move between $0.290 and $0.310, which gives a possible trading interval of +/-$0.0099 (+/-3.31%) up or down from last closing price. If Nanalysis Scientific Corp. takes out the full calculated possible swing range there will be an estimated 6.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.287 (4.23%) than the resistance at $0.330 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nanalysis Scientific Corp. stock A Buy?
The Nanalysis Scientific Corp. stock holds several negative signals and despite the positive trend, we believe Nanalysis Scientific Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.220 Sell Candidate Unchanged
Predicted Opening Price for Nanalysis Scientific Corp. of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
$0.300 ( 0.0111%) | $0.300 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSCIF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.300 | 0.0444% |
R2 | 0.300 | 0.0317% |
R1 | 0.300 | 0.0238% |
Price | 0.300 | |
S1 | 0.300 | -0.0016% |
S2 | 0.300 | -0.0095% |
S3 | 0.300 | -0.0222% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.350 | 16.67% |
R2 | 0.345 | 15.07% |
R1 | 0.330 | 10.00% |
Price | 0.300 | |
S1 | 0.287 | -4.23% |
S2 | 0.279 | -7.15% |
S3 | 0.272 | -9.29% |
FAQ
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