NUGL, Inc. Stock Forecast
NUGL, Inc. stock price took a fall of -22.50% on Monday
(Updated on Jun 17, 2024)
The NUGL, Inc. stock price fell by -22.50% on the last day (Monday, 17th Jun 2024) from $0.0080 to $0.0062. During the last trading day the stock fluctuated 0% from a day low at $0.0062 to a day high of $0.0062. The price has been going up and down for this period, and there has been a -17.33% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -40 thousand shares and in total, 240 shares were bought and sold for approximately $1.49 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.78% during the next 3 months and, with a 90% probability hold a price between $0.0067 and $0.0113 at the end of this 3-month period.
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NUGL Signals & Forecast
There are few to no technical positive signals at the moment. The NUGL, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0067 and $0.0066. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -22.50%. 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 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 NUGL, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0058 and $0.0055. 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, NUGL, Inc. finds support just below today's level at $0.0058. If this is broken, then the next support from accumulated volume will be at $0.0055 and $0.0054.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high 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%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUGL) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect NUGL, Inc. to open at $0.0062, and during the day (based on 14 day Average True Range), to move between $0.0053 and $0.0071, which gives a possible trading interval of +/-$0.0009 (+/-13.76%) up or down from last closing price. If NUGL, Inc. takes out the full calculated possible swing range there will be an estimated 27.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0058 (6.45%) than the resistance at $0.0069 (11.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NUGL, Inc. stock A Buy?
The NUGL, Inc. stock holds several negative signals and despite the positive trend, we believe NUGL, Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Strong Buy to a Strong Sell candidate.
Current score: -5.836 Strong Sell Candidate Downgraded
Predicted Opening Price for NUGL, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0062 ( 0%) | $0.0062 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUGL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0062 | - |
| R2 | 0.0062 | - |
| R1 | 0.0062 | - |
| Price | 0.0062 | |
| S1 | 0.0062 | - |
| S2 | 0.0062 | - |
| S3 | 0.0062 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0075 | 20.97% |
| R2 | 0.0071 | 14.84% |
| R1 | 0.0069 | 11.77% |
| Price | 0.0062 | |
| S1 | 0.0058 | -6.45% |
| S2 | 0.0055 | -11.29% |
| S3 | 0.0054 | -13.71% |
FAQ
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