Nexus AG Stock Forecast

Nexus AG stock price ended at 51.70€ on Tuesday, after losing 0%.
(Updated on Apr 30, 2024)

NXU.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.37%. Further rise is indicated until a new top pivot has been found. 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 52.41€ and 55.29€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 51.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.600€ between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.90%.

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 Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Nexus AG to open at 51.63€, and during the day (based on 14 day Average True Range), to move between 50.34€ and 53.06€, which gives a possible trading interval of +/-1.36€ (+/-2.64%) up or down from last closing price. If Nexus AG takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 51.00€ (1.35%) than the resistance at 56.30€ (8.90%), 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 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.

Current score: -1.563 Sell Candidate Unchanged

Predicted Opening Price for Nexus AG of Thursday, May 2, 2024

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