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NASDAQ:NXEO
Delisted

WL Ross Holding Corp Stock Forecast

$9.93
+0 (+0%)
At Close: Mar 13, 2019
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.

Red day on Wednesday for WL Ross Holding Corp stock after losing 0%
(Updated on Mar 13, 2019)

Buy or Hold candidate since Feb 08, 2019 PDF

No changes to the price of WL Ross Holding Corp stock on the last trading day (Wednesday, 13th Mar 2019). During the last trading day the stock fluctuated 0% from a day low at $9.93 to a day high of $9.93. The price has been going up and down for this period, and there has been a -2.07% loss for the last 2 weeks.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.87% during the next 3 months and, with a 90% probability hold a price between $12.12 and $13.39 at the end of this 3-month period.

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NXEO Signals & Forecast

The WL Ross Holding 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 $9.93 and $9.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 28, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 WL Ross Holding Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.21 and $8.59. 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, WL Ross Holding Corp finds support just below today's level at $9.21. If this is broken, then the next support from accumulated volume will be at $8.59 and $8.44.

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%

WL Ross Holding Corp is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $9.25 (-6.82%) (This stock has low daily movements and this gives low risk. Low RSI14 is 9 which reduces the risk some. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (NXEO) For The Upcoming Trading Day Of Thursday 14th

For the upcoming trading day on Thursday, 14th we expect WL Ross Holding Corp to open at $9.93, and during the day (based on 14 day Average True Range), to move between $9.81 and $10.05, which gives a possible trading interval of +/-$0.125 (+/-1.26%) up or down from last closing price. If WL Ross Holding Corp takes out the full calculated possible swing range there will be an estimated 2.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.14 (2.11%) than the support at $9.21 (7.25%), 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 WL Ross Holding 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 WL Ross Holding Corp stock to perform well in the short-term.

Current score: 4.440 Buy Candidate Unchanged

Predicted Opening Price for WL Ross Holding Corp of Thursday, March 14, 2019

Fair opening price March 14, 2019 Current price
$9.93 ( 0%) $9.93

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

Trading levels for NXEO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.93 .
R2 9.93 .
R1 9.93 .
Current price: 9.93
Support S1 9.93 .
S2 9.93 .
S3 9.93 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.26 3.32 %
R2 10.21 2.82 %
R1 10.14 2.11 %
Current price 9.93
Support S1 9.21 -7.25%
S2 8.59 -13.49%
S3 8.44 -15.01%

FAQ

What is the symbol for WL Ross Holding Corp Stock and on which exchange is it traded?
The symbol for WL Ross Holding Corp is NXEO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell WL Ross Holding Corp Stock?
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 WL Ross Holding Corp stock to perform well in the short-term.

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

What's the current price of WL Ross Holding Corp Stock?
As of the end of day on the 2019-03-13, the price of an WL Ross Holding Corp (NXEO) share was $9.93.

What is the 52-week high and low for WL Ross Holding Corp Stock?
The 52-week high for WL Ross Holding Corp Stock is $12.64 and the 52-week low is $7.93.
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