Nuvve Holding Corp. Stock Forecast

Volatile ride for Nuvve Holding Corp. stock price on Monday moving between $0.0177 and $0.0200
(Updated on Jun 17, 2024)

NVVEW Signals & Forecast

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 Nuvve Holding Corp. 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 $0.0215 and $0.0231. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -30.00%. Further fall is indicated until a new bottom pivot has been found. Nuvve Holding Corp. 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Nuvve Holding Corp. stock

Nuvve Holding Corp. finds support from accumulated volume at $0.0189 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 $0.0023 between high and low, or 12.99%. For the last week, the stock has had daily average volatility of 19.49%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NVVEW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Nuvve Holding Corp. to open at $0.0191, and during the day (based on 14 day Average True Range), to move between $0.0144 and $0.0248, which gives a possible trading interval of +/-$0.0052 (+/-26.63%) up or down from last closing price. If Nuvve Holding Corp. takes out the full calculated possible swing range there will be an estimated 53.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0200 (2.04%) than the support at $0.0189 (3.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nuvve Holding Corp. stock A Buy?

Nuvve Holding Corp. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.892 Strong Sell Candidate Downgraded

Predicted Opening Price for Nuvve Holding Corp. of Tuesday, June 18, 2024

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