Wrapped NXM USD Stock Forecast

Red day on Monday for Wrapped NXM USD
(Updated on Jun 24, 2024)

WNXMUSD Signals & Forecast

There are mixed signals in the stock today. The Wrapped NXM USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $75.46 and $78.02. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for Wrapped NXM USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $64.59 and $63.18. 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, Wrapped NXM USD finds support just below today's level at $64.59. If this is broken, then the next support from accumulated volume will be at $63.18 and $63.00.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 6.73%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WNXMUSD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Wrapped NXM USD to open at $74.65, and during the day (based on 14 day Average True Range), to move between $69.12 and $80.18, which gives a possible trading interval of +/-$5.53 (+/-7.41%) up or down from last closing price. If Wrapped NXM USD takes out the full calculated possible swing range there will be an estimated 14.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $75.40 (1.01%) than the support at $64.59 (13.48%), 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 Wrapped NXM USD stock A Buy?

Wrapped NXM USD 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: -1.096 Sell Candidate Unchanged

Predicted Opening Price for Wrapped NXM USD of Tuesday, June 25, 2024

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