Holdco Nuvo Group D.g Ltd. Ordinary Stock Forecast
Big movements in Holdco Nuvo Group D.g Ltd. Ordinary stock price on Wednesday moving 26.50% between high and low
(Updated on Jun 26, 2024)
The Holdco Nuvo Group D.g Ltd. Ordinary stock price fell by -19.73% on the last day (Wednesday, 26th Jun 2024) from $1.47 to $1.18. During the last trading day the stock fluctuated 26.50% from a day low at $1.17 to a day high of $1.48. The price has fallen in 5 of the last 10 days but is still up by 0.85% over the past 2 weeks. Volume has increased on the last day by 15 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, 106 thousand shares were bought and sold for approximately $125.34 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 -54.83% during the next 3 months and, with a 90% probability hold a price between $0.0239 and $1.75 at the end of this 3-month period.
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NUVO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.85%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $1.47 and $1.69. A break-up above any of these levels will issue buy signals. Holdco Nuvo Group D.g Ltd. Ordinary 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".
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 $1.17 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 $0.310 between high and low, or 26.50%. For the last week, the stock has had daily average volatility of 22.83%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Holdco Nuvo Group D.g Ltd. Ordinary Shares to open at $1.28, and during the day (based on 14 day Average True Range), to move between $0.742 and $1.62, which gives a possible trading interval of +/-$0.438 (+/-37.14%) 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 74.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.17 (0.85%) than the resistance at $1.31 (11.02%), 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 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: -2.676 Sell Candidate Unchanged
Predicted Opening Price for Holdco Nuvo Group D.g Ltd. Ordinary Shares of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$1.28 ( 8.19%) | $1.18 |
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 | 1.59 | 34.46% |
R2 | 1.47 | 24.43% |
R1 | 1.40 | 18.23% |
Price | 1.18 | |
S1 | 1.16 | -1.84% |
S2 | 1.09 | -8.04% |
S3 | 0.97 | -18.08% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.47 | 24.58% |
R2 | 1.33 | 12.71% |
R1 | 1.31 | 11.02% |
Price | 1.18 | |
S1 | 1.17 | -0.85% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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