Neutra Corp Stock Forecast
Volatile ride for Neutra Corp stock price on Friday moving between $0.0002 and $0.0003
(Updated on Apr 26, 2024)
The Neutra Corp stock price fell by -23.08% on the last day (Friday, 26th Apr 2024) from $0.0003 to $0.0002. During the last trading day the stock fluctuated 25.00% from a day low at $0.0002 to a day high of $0.0003. The price has fallen in 6 of the last 10 days and is down by -50% for this period. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $1.08 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0002 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.53% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0004 at the end of this 3-month period.
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NTRR 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 Neutra 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 $0.0003 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -50.00%. Further fall is indicated until a new bottom pivot has been found. Neutra Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, April 19, 2024 and based on theory for this formation the price should fall by 0% to $0.0002 within 2 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Neutra Corp stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.00005 between high and low, or 25.00%. For the last week, the stock has had daily average volatility of 8.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTRR) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Neutra Corp to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0003, which gives a possible trading interval of +/-$0.00007268 (+/-36.34%) up or down from last closing price. If Neutra Corp takes out the full calculated possible swing range there will be an estimated 72.68% move between the lowest and the highest trading price during the day.
Is Neutra Corp stock A Buy?
Neutra Corp holds several negative signals and is within a very 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 Sell to a Strong Sell candidate.
Current score: -6.874 Strong Sell Candidate Downgraded
Predicted Opening Price for Neutra Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0002 ( 8.33%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTRR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 33.33 % | |
| R2 | 0.0002 | 23.78 % | ||
| R1 | 0.0002 | 17.88 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0002 | -1.22 % | |
| S2 | 0.0002 | -7.12 % | ||
| S3 | 0.0002 | -16.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0002 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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