Nu-Oil and Gas plc. Stock Forecast
Nu-Oil and Gas plc. stock price down 0% on Monday
(Updated on May 04, 2020)
No changes to the price of Nu-Oil and Gas plc. stock on the last trading day (Monday, 4th May 2020). During the last trading day the stock fluctuated 0% from a day low at £0.0003 to a day high of £0.0003. The price has been going up and down for this period, and there has been a 0% change 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 -30.22% during the next 3 months and, with a 90% probability hold a price between £0.00007187 and £0.0003 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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NUOG.L Signals & Forecast
The Nu-Oil and Gas plc. 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 £0.0003 and £0.0003. A breakdown below any of these levels will issue sell signals. 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 Friday, May 01, 2020, and so far it has fallen 0%. 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 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 Nu-Oil and Gas plc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0%
Our recommended stop-loss: £0.0003 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (NUOG.L) For The Upcoming Trading Day Of Tuesday 5th
For the upcoming trading day on Tuesday, 5th we expect Nu-Oil and Gas plc. to open at £0.0003, and during the day (based on 14 day Average True Range), to move between £0.0003 and £0.0003, which gives a possible trading interval of +/-£0.00001714 (+/-5.71%) up or down from last closing price. If Nu-Oil and Gas plc. takes out the full calculated possible swing range there will be an estimated 11.43% move between the lowest and the highest trading price during the day.
Is Nu-Oil and Gas plc. stock A Buy?
Nu-Oil and Gas plc. 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: -0.955 Hold/Accumulate Unchanged
Predicted Opening Price for Nu-Oil and Gas plc. of Tuesday, May 5, 2020
| Fair opening price May 5, 2020 | Current price |
|---|---|
| £0.0003 ( 0%) | £0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUOG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | . | |
| R2 | 0.0003 | . | ||
| R1 | 0.0003 | . | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0003 | . | |
| S2 | 0.0003 | . | ||
| S3 | 0.0003 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0003 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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