Northern Star Investment Corp. II Stock Forecast

Northern Star Investment Corp. II stock upgraded from Strong Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)

NSTB 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 Northern Star Investment Corp. II 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 $0.0401 and $2.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, March 13, 2024 with a target of $10.22. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for Northern Star Investment Corp. II stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0300. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 44.90%

Northern Star Investment Corp. II is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $0.0333 (-4.74%) (This stock has low daily movements and this gives low risk. Low RSI14 is 13 which reduces the risk some. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (NSTB) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Northern Star Investment Corp. II to open at $0.0350, and during the day (based on 14 day Average True Range), to move between -$0.183 and $0.253, which gives a possible trading interval of +/-$0.218 (+/-622.09%) up or down from last closing price. If Northern Star Investment Corp. II takes out the full calculated possible swing range there will be an estimated 1 244.18% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0300, some $0.0050 (14.29%) from the current price of $0.0350, our system finds the risk reward attractive.

Is Northern Star Investment Corp. II stock A Buy?

Northern Star Investment Corp. II holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Strong Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Northern Star Investment Corp. II of Monday, April 29, 2024

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