Nvni Group Limited Warrants Stock Forecast
Red day on Friday for Nvni Group Limited Warrants stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Nvni Group Limited Warrants stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0172 to a day high of $0.0172. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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 $0.0156, a level that may pose a second chance to hit a runner. According to fan-theory $0.0324 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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NVNIW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nvni Group Limited Warrants 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 $0.0172 and $0.0382. A break-up above any of these levels will issue buy signals. 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 Nvni Group Limited Warrants stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Nvni Group Limited Warrants is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.0161 (-6.64%) (This stock has low daily movements and this gives low risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (NVNIW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nvni Group Limited Warrants to open at $0.0172, and during the day (based on 14 day Average True Range), to move between $0.0138 and $0.0206, which gives a possible trading interval of +/-$0.0034 (+/-19.82%) up or down from last closing price. If Nvni Group Limited Warrants takes out the full calculated possible swing range there will be an estimated 39.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0200, some $0.0028 (16.28%) from the current price of $0.0172, our system finds the risk reward not very attractive.
Is Nvni Group Limited Warrants stock A Buy?
Nvni Group Limited Warrants 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Nvni Group Limited Warrants of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0172 ( 0%) | $0.0172 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVNIW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0172 | - |
| R2 | 0.0172 | - |
| R1 | 0.0172 | - |
| Price | 0.0172 | |
| S1 | 0.0172 | - |
| S2 | 0.0172 | - |
| S3 | 0.0172 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0200 | 16.28% |
| Price | 0.0172 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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