National Asset Recovery Corp. Stock Forecast

High volatility in National Asset Recovery Corp. stock price on Friday which ended trading at $0.0325
(Updated on May 24, 2024)

REPO Signals & Forecast

The National Asset Recovery Corp. 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 $0.0321 and $0.0314. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). National Asset Recovery Corp. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for National Asset Recovery Corp. stock

National Asset Recovery Corp. finds support from accumulated volume at $0.0320 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0075 between high and low, or 30.00%. For the last week, the stock has had daily average volatility of 6.00%.

The National Asset Recovery Corp. stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.

Our recommended stop-loss: $0.0314 (-3.28%) (This stock has high daily movements and this gives high risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (REPO) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect National Asset Recovery Corp. to open at $0.0300, and during the day (based on 14 day Average True Range), to move between $0.0307 and $0.0343, which gives a possible trading interval of +/-$0.0018 (+/-5.68%) up or down from last closing price. If National Asset Recovery Corp. takes out the full calculated possible swing range there will be an estimated 11.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0320 (1.54%) than the resistance at $0.0349 (7.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is National Asset Recovery Corp. stock A Buy?

National Asset Recovery Corp. 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 National Asset Recovery Corp. of Tuesday, May 28, 2024

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