Newscope Capital Corporation Stock Forecast
Red day on Friday for Newscope Capital Corporation
(Updated on Jun 14, 2024)
No changes to the price of Newscope Capital Corporation stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.160 to a day high of $0.160. The price has been going up and down for this period, and there has been a 0.5% gain for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.13% during the next 3 months and, with a 90% probability hold a price between $0.0501 and $0.151 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PHRRF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 12.83%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Newscope Capital Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.170. On a fall, the stock will find some support from the short-term average at $0.159. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Newscope Capital Corporation stock
Newscope Capital Corporation finds support from accumulated volume at $0.154 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 7.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHRRF) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Newscope Capital Corporation to open at $0.160, and during the day (based on 14 day Average True Range), to move between $0.146 and $0.174, which gives a possible trading interval of +/-$0.0145 (+/-9.06%) up or down from last closing price. If Newscope Capital Corporation takes out the full calculated possible swing range there will be an estimated 18.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.154 (3.73%) than the resistance at $0.173 (8.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Newscope Capital Corporation stock A Buy?
Newscope Capital Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.104 Sell Candidate Unchanged
Predicted Opening Price for Newscope Capital Corporation of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$0.160 ( 0%) | $0.160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHRRF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.160 | - |
R2 | 0.160 | - |
R1 | 0.160 | - |
Price | 0.160 | |
S1 | 0.160 | - |
S2 | 0.160 | - |
S3 | 0.160 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.180 | 12.50% |
R2 | 0.178 | 11.19% |
R1 | 0.173 | 8.12% |
Price | 0.160 | |
S1 | 0.154 | -3.73% |
S2 | 0.145 | -9.38% |
S3 | 0.142 | -11.38% |
FAQ
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