Nextleaf Solutions Ltd. Stock Forecast

Volatile ride for Nextleaf Solutions Ltd. stock price on Wednesday moving between $0.0765 and $0.103
(Updated on May 08, 2024)

OILFF Signals & Forecast

The Nextleaf Solutions Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.102. On a fall, the stock will find some support from the long-term average at approximately $0.0972. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 21.61%. Further rise is indicated until a new top pivot has been found. Nextleaf Solutions Ltd. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Nextleaf Solutions Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0960 and $0.0900. 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, Nextleaf Solutions Ltd. finds support just below today's level at $0.0960. If this is broken, then the next support from accumulated volume will be at $0.0900 and $0.0850.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0269 between high and low, or 35.16%. For the last week, the stock has had daily average volatility of 11.23%.

Our recommended stop-loss: $0.0972 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (OILFF) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Nextleaf Solutions Ltd. to open at $0.0937, and during the day (based on 14 day Average True Range), to move between $0.0901 and $0.112, which gives a possible trading interval of +/-$0.0112 (+/-11.04%) up or down from last closing price. If Nextleaf Solutions Ltd. takes out the full calculated possible swing range there will be an estimated 22.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.103 (1.18%) than the support at $0.0960 (5.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nextleaf Solutions Ltd. stock A Buy?

Nextleaf Solutions Ltd. 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: 0.974 Hold/Accumulate Unchanged

Predicted Opening Price for Nextleaf Solutions Ltd. of Thursday, May 9, 2024

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