NuRAN WireleS Inc. Stock Forecast
Evaluation of NuRAN WireleS Inc. stock downgraded after the last trading session.
(Updated on May 03, 2024)
The NuRAN WireleS Inc. stock price fell by -3.70% on the last day (Friday, 3rd May 2024) from $0.135 to $0.130. During the last trading day the stock fluctuated 3.85% from a day low at $0.130 to a day high of $0.135. The price has risen in 4 of the last 10 days and is up by 18.18% over the past 2 weeks. Volume has increased on the last day by 207 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, 233 thousand shares were bought and sold for approximately $30.30 thousand.
The stock lies in the middle of a very 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 -20.50% during the next 3 months and, with a 90% probability hold a price between $0.0781 and $0.117 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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NUR.CN 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 NuRAN WireleS 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 $0.134 and $0.132. 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 26, 2024, and so far it has fallen -13.33%. Further fall is indicated until a new bottom pivot has been found. NuRAN WireleS 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 NuRAN WireleS Inc. stock
NuRAN WireleS Inc. finds support from accumulated volume at $0.125 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0050 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 6.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUR.CN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect NuRAN WireleS Inc. to open at $0.132, and during the day (based on 14 day Average True Range), to move between $0.119 and $0.141, which gives a possible trading interval of +/-$0.0106 (+/-8.14%) up or down from last closing price. If NuRAN WireleS Inc. takes out the full calculated possible swing range there will be an estimated 16.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.125 (3.85%) than the resistance at $0.150 (15.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NuRAN WireleS Inc. stock A Buy?
NuRAN WireleS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.822 Strong Sell Candidate Downgraded
Predicted Opening Price for NuRAN WireleS Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.132 ( 1.28%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUR.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.137 | 5.13 % | |
| R2 | 0.135 | 3.66 % | ||
| R1 | 0.134 | 2.75 % | ||
| Current price: | 0.130 | |||
| Support | S1 | 0.130 | -0.187 % | |
| S2 | 0.129 | -1.09 % | ||
| S3 | 0.127 | -2.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.160 | 23.08 % | |
| R2 | 0.155 | 19.23 % | ||
| R1 | 0.150 | 15.38 % | ||
| Current price | 0.130 | |||
| Support | S1 | 0.125 | -3.85% | |
| S2 | 0.120 | -7.69% | ||
| S3 | 0.110 | -15.38% |
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