Nukkleus Inc. Stock Forecast
Volatile ride for Nukkleus Inc. stock price on Tuesday moving between $0.520 and $0.587
(Updated on Jun 25, 2024)
The Nukkleus Inc. stock price fell by -5.16% on the last day (Tuesday, 25th Jun 2024) from $0.564 to $0.535. During the last trading day the stock fluctuated 12.86% from a day low at $0.520 to a day high of $0.587. The price has been going up and down for this period, and there has been a -34.22% 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 -119 thousand shares and in total, 194 thousand shares were bought and sold for approximately $103.51 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.595) are considered to be a "second chance" to get out. According to the fan-theory $0.321 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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NUKK Signals & Forecast
There are few to no technical positive signals at the moment. The Nukkleus 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 $0.658 and $0.82. 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 21, 2024, and so far it has fallen -23.81%. 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.
Support, Risk & Stop-loss for Nukkleus Inc. 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0669 between high and low, or 12.86%. For the last week the stock has had daily average volatility of 20.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUKK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Nukkleus Inc. to open at $0.547, and during the day (based on 14 day Average True Range), to move between $0.418 and $0.652, which gives a possible trading interval of +/-$0.117 (+/-21.90%) up or down from last closing price. If Nukkleus Inc. takes out the full calculated possible swing range there will be an estimated 43.79% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.564, some $0.0291 (5.44%) from the current price of $0.535, our system finds the risk reward not very attractive.
Is Nukkleus Inc. stock A Buy?
Nukkleus Inc. 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.
Current score: -6.438 Strong Sell Candidate Unchanged
Predicted Opening Price for Nukkleus Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.547 ( 2.32%) | $0.535 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUKK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.614 | 14.83% |
| R2 | 0.589 | 10.05% |
| R1 | 0.573 | 7.10% |
| Price | 0.535 | |
| S1 | 0.522 | -2.45% |
| S2 | 0.506 | -5.40% |
| S3 | 0.480 | -10.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.645 | 20.51% |
| R2 | 0.609 | 13.76% |
| R1 | 0.564 | 5.44% |
| Price | 0.535 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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