NuZee, Inc. Stock Forecast

Big movements in NuZee, Inc. stock price on Wednesday moving 27.03% between high and low
(Updated on May 08, 2024)

NUZE Signals & Forecast

Mostly positive signals in the chart today. The NuZee, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.63 and $1.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 87.18%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for NuZee, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.07 and $1.99. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NuZee, Inc. finds support just below today's level at $2.07. If this is broken, then the next support from accumulated volume will be at $1.99 and $1.69.

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 $0.500 between high and low, or 27.03%. For the last week, the stock has had daily average volatility of 33.16%.

Our recommended stop-loss: $2.12 (-3.12%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (NUZE) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect NuZee, Inc. to open at $2.13, and during the day (based on 14 day Average True Range), to move between $1.88 and $2.50, which gives a possible trading interval of +/-$0.314 (+/-14.32%) up or down from last closing price. If NuZee, Inc. takes out the full calculated possible swing range there will be an estimated 28.63% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $2.07, some $0.120 (5.48%) from the current price of $2.19, our system finds the risk reward attractive.

Is NuZee, Inc. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 5.000 Strong Buy Candidate Unchanged

Predicted Opening Price for NuZee, Inc. of Thursday, May 9, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.