Nexity SA Stock Forecast

Nexity SA stock downgraded to Sell Candidate
(Updated on May 24, 2024)

NXI.PA Signals & Forecast

The Nexity SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 12.32€. On a fall, the stock will find some support from the long-term average at approximately 10.80€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -3.66%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Nexity SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 10.61€ and 10.14€. 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, Nexity SA finds support just below today's level at 10.61€. If this is broken, then the next support from accumulated volume will be at 10.14€ and 9.98€.

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 0.560€ between high and low, or 4.75%. For the last week, the stock has had daily average volatility of 3.71%.

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

Trading Expectations (NXI.PA) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Nexity SA to open at 12.09€, and during the day (based on 14 day Average True Range), to move between 11.66€ and 12.54€, which gives a possible trading interval of +/-0.442€ (+/-3.66%) up or down from last closing price. If Nexity SA takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 12.42€ (2.64%) than the support at 10.61€ (12.31%), 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 Nexity SA stock A Buy?

Nexity SA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.839 Sell Candidate Downgraded

Predicted Opening Price for Nexity SA of Monday, May 27, 2024

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