Nexus AG Stock Forecast

Red day on Thursday for Nexus AG
(Updated on Apr 18, 2024)

NXU.DE 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 Nexus AG 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 55.59€ and 56.62€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.21%. Further fall is indicated until a new bottom pivot has been found. Nexus AG 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 Nexus AG stock

Nexus AG finds support from accumulated volume at 54.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.10€ between high and low, or 2.02%. For the last week the stock has had daily average volatility of 2.24%.

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

Trading Expectations (NXU.DE) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Nexus AG to open at 54.83€, and during the day (based on 14 day Average True Range), to move between 53.16€ and 56.04€, which gives a possible trading interval of +/-1.44€ (+/-2.63%) up or down from last closing price. If Nexus AG takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 54.10€ (0.92%) than the resistance at 56.30€ (3.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nexus AG stock A Buy?

Nexus AG holds several negative signals and is within a 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.

Current score: -1.490 Sell Candidate Unchanged

Predicted Opening Price for Nexus AG of Friday, April 19, 2024

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