NuRAN WireleS Inc. Stock Forecast
NuRAN WireleS Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The NuRAN WireleS Inc. stock price fell by -1.96% on the last day (Friday, 17th May 2024) from $0.128 to $0.125. During the last trading day the stock fluctuated 4.00% from a day low at $0.125 to a day high of $0.130. The price has fallen in 4 of the last 10 days and is down by -3.85% for this period. Volume has increased on the last day by 253 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, 253 thousand shares were bought and sold for approximately $31.60 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 -18.18% during the next 3 months and, with a 90% probability hold a price between $0.0771 and $0.116 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
There are few to no technical positive signals at the moment. The NuRAN WireleS 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 $0.126 and $0.127. 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 -16.67%. 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). 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 $0.120 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 4.00%. For the last week, the stock has had daily average volatility of 5.80%.
Our recommended stop-loss: $0.119 (-4.97%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (NUR.CN) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect NuRAN WireleS Inc. to open at $0.127, and during the day (based on 14 day Average True Range), to move between $0.116 and $0.134, which gives a possible trading interval of +/-$0.0092 (+/-7.33%) up or down from last closing price. If NuRAN WireleS Inc. takes out the full calculated possible swing range there will be an estimated 14.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.128 (2.00%) than the support at $0.120 (4.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NuRAN WireleS Inc. stock A Buy?
NuRAN WireleS Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for NuRAN WireleS Inc. of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$0.127 ( 1.33%) | $0.125 |
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 | 0.132 | 5.33 % | |
R2 | 0.130 | 3.81 % | ||
R1 | 0.129 | 2.86 % | ||
Current price: | 0.125 | |||
Support | S1 | 0.125 | -0.195 % | |
S2 | 0.124 | -1.14 % | ||
S3 | 0.122 | -2.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.150 | 20.00 % | |
R2 | 0.130 | 4.00 % | ||
R1 | 0.128 | 2.00 % | ||
Current price | 0.125 | |||
Support | S1 | 0.120 | -4.00% | |
S2 | 0.110 | -12.00% | ||
S3 | 0.105 | -16.00% |
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