Holdco Nuvo Group D.g Ltd. Warrants Stock Forecast
Big movements in Holdco Nuvo Group D.g Ltd. Warrants stock price on Monday moving 17.45% between high and low
(Updated on Jun 17, 2024)
No changes to the price of Holdco Nuvo Group D.g Ltd. Warrants stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 17.45% from a day low at $0.0298 to a day high of $0.0350. The price has fallen in 5 of the last 10 days and is down by -11.17% for this period.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0158, a level that may pose a second chance to hit a runner. According to fan-theory $0.0374 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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NUVOW Signals & Forecast
There are mixed signals in the stock today. The Holdco Nuvo Group D.g Ltd. Warrants stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0493. On a fall, the stock will find some support from the short-term average at $0.0256. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -11.17%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Holdco Nuvo Group D.g Ltd. Warrants stock
Holdco Nuvo Group D.g Ltd. Warrants finds support from accumulated volume at $0.0340 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0052 between high and low, or 17.45%. For the last week the stock has had daily average volatility of 77.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUVOW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Holdco Nuvo Group D.g Ltd. Warrants to open at $0.0333, and during the day (based on 14 day Average True Range), to move between $0.0170 and $0.0530, which gives a possible trading interval of +/-$0.0180 (+/-51.53%) up or down from last closing price. If Holdco Nuvo Group D.g Ltd. Warrants takes out the full calculated possible swing range there will be an estimated 103.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0340 (2.86%) than the resistance at $0.0390 (11.43%), 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. Warrants stock A Buy?
Holdco Nuvo Group D.g Ltd. Warrants 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: -3.500 Sell Candidate Unchanged
Predicted Opening Price for Holdco Nuvo Group D.g Ltd. Warrants of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0333 ( 4.95%) | $0.0350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUVOW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0385 | 9.90% |
| R2 | 0.0365 | 4.23% |
| R1 | 0.0353 | 0.723% |
| Price | 0.0350 | |
| S1 | 0.0313 | -10.63% |
| S2 | 0.0301 | -14.13% |
| S3 | 0.0281 | -19.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0394 | 12.57% |
| R2 | 0.0393 | 12.29% |
| R1 | 0.0390 | 11.43% |
| Price | 0.0350 | |
| S1 | 0.0340 | -2.86% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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