RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NLST
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Netlist stock price down 2.70% on Thursday
(Updated on Mar 28, 2024)

Hold candidate since Mar 22, 2024 Loss -3.57% PDF

The Netlist stock price fell by -2.70% on the last day (Thursday, 28th Mar 2024) from $1.67 to $1.62. During the last trading day the stock fluctuated 7.05% from a day low at $1.56 to a day high of $1.67. The price has fallen in 6 of the last 10 days and is down by -10.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 209 thousand shares were bought and sold for approximately $339.22 thousand.

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 -17.52% during the next 3 months and, with a 90% probability hold a price between $0.99 and $1.44 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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NLST Signals & Forecast

The Netlist 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 $1.64. On a fall, the stock will find some support from the long-term average at approximately $1.61. 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. 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 Thursday, March 14, 2024, and so far it has fallen -10.25%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Netlist stock

Netlist finds support from accumulated volume at $1.55 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 $0.110 between high and low, or 7.05%. For the last week the stock has had daily average volatility of 6.49%.

Our recommended stop-loss: $1.52 (-5.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (NLST) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Netlist to open at $1.62, and during the day (based on 14 day Average True Range), to move between $1.50 and $1.74, which gives a possible trading interval of +/-$0.121 (+/-7.47%) up or down from last closing price. If Netlist takes out the full calculated possible swing range there will be an estimated 14.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.55 (4.32%) than the resistance at $1.89 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Netlist stock A Buy?

Netlist 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: -0.677 Hold/Accumulate Unchanged

Predicted Opening Price for Netlist of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.62 ( 0.206%) $1.62

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

Trading levels for NLST

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.73 6.58 %
R2 1.68 3.99 %
R1 1.66 2.39 %
Current price: 1.62
Support S1 1.57 -2.80 %
S2 1.55 -4.40 %
S3 1.51 -7.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.02 24.48 %
R2 2.00 23.46 %
R1 1.89 16.67 %
Current price 1.62
Support S1 1.55 -4.32%
S2 1.50 -7.41%
S3 1.39 -14.20%

FAQ

What is the symbol for Netlist Stock and on which exchange is it traded?
The symbol for Netlist is NLST and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Netlist Stock?
Netlist 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.

How to buy Netlist Stock?
Netlist Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Netlist Stock.

What's the current price of Netlist Stock?
As of the end of day on the 2024-03-28, the price of an Netlist (NLST) share was $1.62.

What is the 52-week high and low for Netlist Stock?
The 52-week high for Netlist Stock is $6.10 and the 52-week low is $1.02.

What is the market capitalization of Netlist Stock?
As of the 2024-03-28, the market capitalization of Netlist is 424.495M.

When is the next earnings date for Netlist?
The upcoming earnings date for Netlist is Apr 23, 2024.
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About Netlist

Netlist Netlist, Inc. designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. It offers HybriDIMM, a storage class memory product, which unifies dynamic random-access memory (DRAM) and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds. The company also provides nonvolatile (NV) memor... NLST Profile

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