Network-1 Technologies Inc Stock Forecast
Evaluation of Network-1 Technologies Inc stock downgraded after the last trading session.
(Updated on May 03, 2024)
No changes to the price of Network-1 Technologies Inc stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 3.13% from a day low at $1.92 to a day high of $1.98. The price has risen in 6 of the last 10 days but is still down by -1.54% for this period.
The stock lies in the middle of a 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 -11.79% during the next 3 months and, with a 90% probability hold a price between $1.62 and $1.79 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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NTIP Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 2.67%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Network-1 Technologies Inc 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 $1.93 and $2.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Network-1 Technologies Inc stock
Network-1 Technologies Inc finds support from accumulated volume at $1.91 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 $0.0600 between high and low, or 3.13%. For the last week the stock has had daily average volatility of 4.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTIP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Network-1 Technologies Inc to open at $1.94, and during the day (based on 14 day Average True Range), to move between $1.84 and $2.00, which gives a possible trading interval of +/-$0.0819 (+/-4.27%) up or down from last closing price. If Network-1 Technologies Inc takes out the full calculated possible swing range there will be an estimated 8.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.91 (0.52%) than the resistance at $1.98 (3.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Network-1 Technologies Inc will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Network-1 Technologies Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.81% in the first trading day after earnings release.
Is Network-1 Technologies Inc stock A Buy?
Network-1 Technologies Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.682 Sell Candidate Downgraded
Predicted Opening Price for Network-1 Technologies Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.94 ( 1.04%) | $1.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTIP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.00 | 4.17 % | |
| R2 | 1.98 | 2.97 % | ||
| R1 | 1.96 | 2.24 % | ||
| Current price: | 1.92 | |||
| Support | S1 | 1.92 | -0.152 % | |
| S2 | 1.90 | -0.89 % | ||
| S3 | 1.88 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.15 | 11.98 % | |
| R2 | 2.10 | 9.38 % | ||
| R1 | 1.98 | 3.13 % | ||
| Current price | 1.92 | |||
| Support | S1 | 1.91 | -0.521% | |
| S2 | 1.89 | -1.56% | ||
| S3 | 1.87 | -2.60% |
NTIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.0500 | 2.42% |
| 2 | Sep 08, 2023 | Sep 18, 2023 | Sep 29, 2023 | $0.0500 | 2.14% |
| 3 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.0500 | 2.36% |
| 4 | Sep 12, 2022 | Sep 19, 2022 | Mar 31, 2023 | $0.0500 | 2.33% |
| 5 | Feb 23, 2022 | Mar 08, 2022 | Mar 24, 2022 | $0.0500 | 2.09% |
FAQ
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