Nanalysis Scientific Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Nanalysis Scientific Corp. stock price on Friday moving 14.66% between high and low
(Updated on Jun 21, 2024)
No changes to the price of Nanalysis Scientific Corp. stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 14.66% from a day low at $0.290 to a day high of $0.333. The price has been going up and down for this period, and there has been a -6.25% loss for the last 2 weeks.
The stock lies in the middle of a very wide and strong 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 12.67% during the next 3 months and, with a 90% probability hold a price between $0.317 and $0.414 at the end of this 3-month period.
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NSCIF Signals & Forecast
There are mixed signals in the stock today. 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 $0.304 and $0.326. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.45%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0425 between high and low, or 14.66%. For the last week, the stock has had daily average volatility of 6.35%.
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 Monday 24th
For the upcoming trading day on Monday, 24th we expect Nanalysis Scientific Corp. to open at $0.308, and during the day (based on 14 day Average True Range), to move between $0.288 and $0.312, which gives a possible trading interval of +/-$0.0119 (+/-3.97%) up or down from last closing price. If Nanalysis Scientific Corp. takes out the full calculated possible swing range there will be an estimated 7.94% 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?
Nanalysis Scientific Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.423 Sell Candidate Unchanged
Predicted Opening Price for Nanalysis Scientific Corp. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.308 ( 2.50%) | $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 | 0.350 | 16.67% |
| R2 | 0.334 | 11.26% |
| R1 | 0.324 | 7.91% |
| Price | 0.300 | |
| S1 | 0.291 | -2.91% |
| S2 | 0.281 | -6.25% |
| S3 | 0.265 | -11.67% |
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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