Ntg Clarity Networks Inc. Stock Forecast

A very strong day for Ntg Clarity Networks Inc. stock price on Friday
(Updated on Jun 28, 2024)

NYWKF Signals & Forecast

The Ntg Clarity Networks Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.653 and $0.583. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 13.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ntg Clarity Networks 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.

Support, Risk & Stop-loss for Ntg Clarity Networks Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.654 and $0.608. 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, Ntg Clarity Networks Inc. finds support just below today's level at $0.654. If this is broken, then the next support from accumulated volume will be at $0.608 and $0.518.

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 $0.0360 between high and low, or 5.50%. For the last week the stock has had daily average volatility of 1.10%.

The Ntg Clarity Networks Inc. stock is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stop-loss: $0.668 (-3.22%) (This stock has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (NYWKF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ntg Clarity Networks Inc. to open at $0.678, and during the day (based on 14 day Average True Range), to move between $0.661 and $0.719, which gives a possible trading interval of +/-$0.0292 (+/-4.24%) up or down from last closing price. If Ntg Clarity Networks Inc. takes out the full calculated possible swing range there will be an estimated 8.48% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.654, some $0.0359 (5.20%) from the current price of $0.690, our system finds the risk reward attractive.

Is Ntg Clarity Networks Inc. stock A Buy?

Ntg Clarity Networks Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ntg Clarity Networks Inc. of Monday, July 1, 2024

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