Nextleaf Solutions Ltd. Stock Forecast
Strong day for Nextleaf Solutions Ltd. stock price on Friday rising 5.51% to $0.0995
(Updated on May 31, 2024)
The Nextleaf Solutions Ltd. stock price gained 5.51% on the last trading day (Friday, 31st May 2024), rising from $0.0943 to $0.0995. During the last trading day the stock fluctuated 0% from a day low at $0.0995 to a day high of $0.0995. The price has been going up and down for this period, and there has been a -6.22% loss for the last 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 1 thousand shares were bought and sold for approximately $99.50 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.27% during the next 3 months and, with a 90% probability hold a price between $0.0962 and $0.125 at the end of this 3-month period.
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OILFF Signals & Forecast
There are few to no technical positive signals at the moment. The Nextleaf Solutions Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.103 and $0.101. 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 26, 2024, and so far it has fallen -10.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nextleaf Solutions Ltd. stock
Nextleaf Solutions Ltd. finds support from accumulated volume at $0.0960 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OILFF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Nextleaf Solutions Ltd. to open at $0.0995, and during the day (based on 14 day Average True Range), to move between $0.0904 and $0.109, which gives a possible trading interval of +/-$0.0091 (+/-9.18%) up or down from last closing price. If Nextleaf Solutions Ltd. takes out the full calculated possible swing range there will be an estimated 18.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.100 (0.50%) than the support at $0.0960 (3.52%), 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?
The Nextleaf Solutions Ltd. stock holds several negative signals and despite the positive trend, we believe Nextleaf Solutions Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.486 Sell Candidate Unchanged
Predicted Opening Price for Nextleaf Solutions Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0995 ( 0.00000000%) | $0.0995 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OILFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0995 | 0.00000000 % | |
| R2 | 0.0995 | 0.00000000 % | ||
| R1 | 0.0995 | 0.00000000 % | ||
| Current price: | 0.0995 | |||
| Support | S1 | 0.0995 | 0.00000000 % | |
| S2 | 0.0995 | 0.00000000 % | ||
| S3 | 0.0995 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.110 | 10.55 % | |
| R2 | 0.101 | 1.71 % | ||
| R1 | 0.100 | 0.503 % | ||
| Current price | 0.0995 | |||
| Support | S1 | 0.0960 | -3.52% | |
| S2 | 0.0900 | -9.55% | ||
| S3 | 0.0850 | -14.57% |
FAQ
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