Neton USD Stock Forecast
Neton USD stock upgraded to Hold/Accumulate.
(Updated on Jun 29, 2024)
No changes to the price of Neton USD stock on the last trading day (Saturday, 29th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.000058 to a day high of $0.000058. The price has been going up and down for this period, and there has been a -3.33% loss for the last 2 weeks.
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 -5.29% during the next 3 months and, with a 90% probability hold a price between $0.00003671 and $0.00007661 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NTOUSD Signals & Forecast
The Neton USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.000058 and $0.00005626. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Sunday, April 07, 2024, and so far it has fallen -31.76%. Further fall is indicated until a new bottom pivot has been found. 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 Neton USD stock
Neton USD finds support from accumulated volume at $0.000057 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.345%.
Neton USD is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.00005414 (-6.66%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a sell signal from a pivot top found 103 days ago.)
Trading Expectations (NTOUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Neton USD to open at $0.000058, and during the day (based on 14 day Average True Range), to move between $0.00005520 and $0.00006080, which gives a possible trading interval of +/-$0.00000280 (+/-4.83%) up or down from last closing price. If Neton USD takes out the full calculated possible swing range there will be an estimated 9.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000059 (1.72%) than the support at $0.000057 (1.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Neton USD stock A Buy?
Neton USD 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: -0.852 Hold/Accumulate Upgraded
Predicted Opening Price for Neton USD of Sunday, June 30, 2024
Fair opening price June 30, 2024 | Current price |
---|---|
$0.000058 ( 0%) | $0.000058 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTOUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.000058 | - |
R2 | 0.000058 | - |
R1 | 0.000058 | - |
Price | 0.000058 | |
S1 | 0.000058 | - |
S2 | 0.000058 | - |
S3 | 0.000058 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.000062 | 6.90% |
R2 | 0.00006 | 3.45% |
R1 | 0.000059 | 1.72% |
Price | 0.000058 | |
S1 | 0.000057 | -1.72% |
S2 | 0.000055 | -5.17% |
S3 | 0.000052 | -10.34% |
FAQ
Click here for our free guide on how to buy Neton USD Stock.