NetSol Technologies Inc. Stock Forecast

Red day on Friday for NetSol Technologies Inc.
(Updated on May 03, 2024)

NTWK 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 NetSol 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 $2.62 and $2.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -15.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for NetSol Technologies Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.30 and $2.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NetSol Technologies Inc. finds support just below today's level at $2.30. If this is broken, then the next support from accumulated volume will be at $2.27 and $2.20.

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 $0.0900 between high and low, or 3.53%. For the last week the stock has had daily average volatility of 4.67%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NTWK) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect NetSol Technologies Inc. to open at $2.58, and during the day (based on 14 day Average True Range), to move between $2.44 and $2.66, which gives a possible trading interval of +/-$0.109 (+/-4.29%) up or down from last closing price. If NetSol Technologies Inc. takes out the full calculated possible swing range there will be an estimated 8.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.30 (9.80%) than the resistance at $2.82 (10.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NetSol Technologies Inc. stock A Buy?

The NetSol Technologies Inc. stock holds several negative signals and despite the positive trend, we believe NetSol Technologies Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.321 Sell Candidate Unchanged

Predicted Opening Price for NetSol Technologies Inc. of Monday, May 6, 2024

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