NetSol Technologies Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
NetSol Technologies Inc. stock price ended at $2.59 on Friday, after losing 0.385%.
(Updated on May 17, 2024)
The NetSol Technologies Inc. stock price fell by -0.385% on the last day (Friday, 17th May 2024) from $2.60 to $2.59. During the last trading day the stock fluctuated 3.61% from a day low at $2.58 to a day high of $2.67. The price has risen in 5 of the last 10 days and is up by 1.57% over the past 2 weeks. Volume has increased on the last day by 6 thousand 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, 35 thousand shares were bought and sold for approximately $89.79 thousand.
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 -13.11% during the next 3 months and, with a 90% probability hold a price between $2.05 and $2.37 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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NTWK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 8.37%. Further rise is indicated until a new top pivot has been found. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.67. On a fall, the stock will find some support from the short-term average at $2.53. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. NetSol Technologies Inc. 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.
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 $2.46 and $2.42. 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 $2.46. If this is broken, then the next support from accumulated volume will be at $2.42 and $2.39.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0932 between high and low, or 3.61%. For the last week, the stock has had daily average volatility of 5.28%.
Our recommended stop-loss: $2.51 (-3.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (NTWK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NetSol Technologies Inc. to open at $2.61, and during the day (based on 14 day Average True Range), to move between $2.46 and $2.72, which gives a possible trading interval of +/-$0.132 (+/-5.10%) up or down from last closing price. If NetSol Technologies Inc. takes out the full calculated possible swing range there will be an estimated 10.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.46 (5.02%) than the resistance at $2.85 (10.04%), 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
NetSol Technologies Inc. will release earnings BMO on Monday, May 20, 2024. We will update the financials statements for NetSol Technologies Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.85% in the first trading day after earnings release.
Is NetSol Technologies Inc. stock A Buy?
NetSol Technologies Inc. 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.
Current score: 0.080 Hold/Accumulate Unchanged
Predicted Opening Price for NetSol Technologies Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $2.61 ( 0.94%) | $2.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTWK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.71 | 4.54 % | |
| R2 | 2.67 | 3.17 % | ||
| R1 | 2.65 | 2.32 % | ||
| Current price: | 2.59 | |||
| Support | S1 | 2.58 | -0.430 % | |
| S2 | 2.56 | -1.28 % | ||
| S3 | 2.52 | -2.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.92 | 12.74 % | |
| R2 | 2.87 | 10.81 % | ||
| R1 | 2.85 | 10.04 % | ||
| Current price | 2.59 | |||
| Support | S1 | 2.46 | -5.02% | |
| S2 | 2.42 | -6.56% | ||
| S3 | 2.39 | -7.72% |
FAQ
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