Neutra Corp Stock Forecast
Big movements in Neutra Corp stock price on Friday moving 33.33% between high and low
(Updated on Apr 19, 2024)
The Neutra Corp stock price gained 33.33% on the last trading day (Friday, 19th Apr 2024), rising from $0.0003 to $0.0004. During the last trading day the stock fluctuated 33.33% from a day low at $0.0003 to a day high of $0.0004. The price has risen in 5 of the last 10 days and is up by 33.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $1.21 thousand.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0004 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.73% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0004 at the end of this 3-month period.
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NTRR Signals & Forecast
The Neutra 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 $0.0004 and $0.0003. 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). Neutra 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, April 17, 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 Neutra Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0004 and $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0003 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 33.33%. For the last week, the stock has had daily average volatility of 26.67%.
Our recommended stop-loss: $0.0004 (-3.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NTRR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Neutra Corp to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.00008727 (+/-21.82%) up or down from last closing price. If Neutra Corp takes out the full calculated possible swing range there will be an estimated 43.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0004, some $0.00005 (12.50%) from the current price of $0.0004, our system finds the risk reward attractive.
Is Neutra Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Neutra Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 4.810 Buy Candidate Upgraded
Predicted Opening Price for Neutra Corp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.0004 ( 8.33%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTRR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | 16.67 % | |
| R2 | 0.0004 | 7.12 % | ||
| R1 | 0.0004 | 1.22 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0003 | -17.88 % | |
| S2 | 0.0003 | -23.78 % | ||
| S3 | 0.0003 | -33.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0004 | |||
| Support | S1 | 0.0004 | -12.50% | |
| S2 | 0.0003 | -15.00% | ||
| S3 | 0 | . |
FAQ
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