NextCure Inc. Stock Forecast
High volatility in NextCure Inc. stock price on Friday which ended trading at $1.35
(Updated on Apr 26, 2024)
The NextCure Inc. stock price gained 4.65% on the last trading day (Friday, 26th Apr 2024), rising from $1.29 to $1.35. During the last trading day the stock fluctuated 12.40% from a day low at $1.29 to a day high of $1.45. The price has fallen in 6 of the last 10 days and is down by -29.69% for this period. Volume fell on the last day by -100 thousand shares and in total, 57 thousand shares were bought and sold for approximately $76.28 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.66% during the next 3 months and, with a 90% probability hold a price between $1.62 and $3.29 at the end of this 3-month period.
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NXTC Signals & Forecast
There are few to no technical positive signals at the moment. The NextCure Inc. 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 $1.48 and $1.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -45.78%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NextCure Inc. stock
NextCure Inc. finds support from accumulated volume at $1.30 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 $0.160 between high and low, or 12.40%. For the last week the stock has had daily average volatility of 12.89%.
NextCure Inc. 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: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NXTC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect NextCure Inc. to open at $1.36, and during the day (based on 14 day Average True Range), to move between $1.16 and $1.54, which gives a possible trading interval of +/-$0.192 (+/-14.19%) up or down from last closing price. If NextCure Inc. takes out the full calculated possible swing range there will be an estimated 28.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.30 (3.70%) than the resistance at $1.65 (22.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
NextCure Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.450. We will update the financials statements for NextCure Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.12% in the first trading day after earnings release.
Is NextCure Inc. stock A Buy?
The NextCure Inc. stock holds several negative signals and despite the positive trend, we believe NextCure Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.180 Sell Candidate Unchanged
Predicted Opening Price for NextCure Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.36 ( 0.99%) | $1.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NXTC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.52 | 12.84 % | |
| R2 | 1.46 | 8.31 % | ||
| R1 | 1.42 | 5.52 % | ||
| Current price: | 1.35 | |||
| Support | S1 | 1.30 | -3.54 % | |
| S2 | 1.26 | -6.34 % | ||
| S3 | 1.20 | -10.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.69 | 24.81 % | |
| R2 | 1.68 | 24.44 % | ||
| R1 | 1.65 | 22.22 % | ||
| Current price | 1.35 | |||
| Support | S1 | 1.30 | -3.70% | |
| S2 | 1.29 | -4.44% | ||
| S3 | 1.17 | -13.33% |
FAQ
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