NextCure Inc. Stock Forecast
On Thursday, NextCure Inc. stock price gained an impressive 8.86%
(Updated on May 09, 2024)
The NextCure Inc. stock price gained 8.86% on the last trading day (Thursday, 9th May 2024), rising from $1.58 to $1.72. During the last trading day the stock fluctuated 8.85% from a day low at $1.58 to a day high of $1.72. The price has risen in 7 of the last 10 days and is up by 33.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 111 thousand more shares were traded than the day before. In total, 161 thousand shares were bought and sold for approximately $277.56 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NextCure Inc. stock with a 90% probability to be traded between $1.20 and $2.55 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NXTC Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). NextCure Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NextCure Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.75. On a fall, the stock will find some support from the short-term average at $1.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -30.92%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for NextCure Inc. stock
NextCure Inc. finds support from accumulated volume at $1.69 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 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 $0.140 between high and low, or 8.85%. For the last week, the stock has had daily average volatility of 7.93%.
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect NextCure Inc. to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.55 and $1.89, which gives a possible trading interval of +/-$0.174 (+/-10.14%) up or down from last closing price. If NextCure Inc. takes out the full calculated possible swing range there will be an estimated 20.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.69 (2.03%) than the resistance at $1.79 (4.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NextCure Inc. stock A Buy?
NextCure Inc. 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.
Current score: -1.892 Sell Candidate Unchanged
Predicted Opening Price for NextCure Inc. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $1.67 ( 2.71%) | $1.72 |
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 | 1.81 | 5.42 % | |
| R2 | 1.76 | 2.32 % | ||
| R1 | 1.73 | 0.396 % | ||
| Current price: | 1.72 | |||
| Support | S1 | 1.62 | -5.82 % | |
| S2 | 1.59 | -7.74 % | ||
| S3 | 1.53 | -10.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.91 | 11.05 % | |
| R2 | 1.90 | 10.47 % | ||
| R1 | 1.79 | 4.07 % | ||
| Current price | 1.72 | |||
| Support | S1 | 1.69 | -2.03% | |
| S2 | 1.68 | -2.33% | ||
| S3 | 1.65 | -4.07% |
FAQ
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