Holdco Nuvo Group D.g Ltd. Ordinary Stock Forecast
High volatility in Holdco Nuvo Group D.g Ltd. Ordinary stock price on Friday which ended trading at $1.44
(Updated on Jun 21, 2024)
The Holdco Nuvo Group D.g Ltd. Ordinary stock price gained 2.95% on the last trading day (Friday, 21st Jun 2024), rising from $1.40 to $1.44. During the last trading day the stock fluctuated 17.99% from a day low at $1.39 to a day high of $1.64. The price has fallen in 5 of the last 10 days but is still up by 9.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 81 thousand shares were bought and sold for approximately $116.42 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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NUVO Signals & Forecast
There are mixed signals in the stock today. The Holdco Nuvo Group D.g Ltd. Ordinary 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 $1.59 and $1.91. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 23.08%. 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). Holdco Nuvo Group D.g Ltd. Ordinary has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Holdco Nuvo Group D.g Ltd. Ordinary stock
Holdco Nuvo Group D.g Ltd. Ordinary finds support from accumulated volume at $1.39 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.250 between high and low, or 17.99%. For the last week, the stock has had daily average volatility of 19.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUVO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Holdco Nuvo Group D.g Ltd. Ordinary Shares to open at $1.49, and during the day (based on 14 day Average True Range), to move between $0.97 and $1.91, which gives a possible trading interval of +/-$0.471 (+/-32.68%) up or down from last closing price. If Holdco Nuvo Group D.g Ltd. Ordinary Shares takes out the full calculated possible swing range there will be an estimated 65.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.39 (3.47%) than the resistance at $1.53 (6.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Holdco Nuvo Group D.g Ltd. Ordinary Shares stock A Buy?
Holdco Nuvo Group D.g Ltd. Ordinary holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.651 Sell Candidate Unchanged
Predicted Opening Price for Holdco Nuvo Group D.g Ltd. Ordinary Shares of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $1.49 ( 3.47%) | $1.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUVO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.74 | 20.83% |
| R2 | 1.64 | 14.20% |
| R1 | 1.59 | 10.10% |
| Price | 1.44 | |
| S1 | 1.39 | -3.16% |
| S2 | 1.34 | -7.26% |
| S3 | 1.24 | -13.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.77 | 22.92% |
| R2 | 1.67 | 15.97% |
| R1 | 1.53 | 6.28% |
| Price | 1.44 | |
| S1 | 1.39 | -3.47% |
| S2 | 1.33 | -7.64% |
| S3 | 1.31 | -9.03% |
FAQ
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