Next Gen Metals Inc Forecast and Stock Analysis
Technical NXTTF stock analysis for Wednesday June 19, 2019.
Next Gen Metals Inc gained 1.03% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $0.47 to $0.48 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 6.04% from a day low at $0.46 to a day high of $0.49. The price has fallen in 6 of the last 10 days and is down by -16.28% for this period. Volume fell in the last day by -36 632 shares, and in total, 228 058 shares bought and sold for approximately $109 399.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the NXTTF stock price was $0.69 and low was $0.46.
- 90 day high was $0.74 and low was $0.36.
- 52 week high for the Next Gen Metals Inc - $3.05 and low - $0.36.
Next Gen Metals Inc lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.84% during the next 3 months and, with 90% probability hold a price between $0.43 and $0.76 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains 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. Next Gen Metals Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $0.49 and $0.56. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.41 and $0.39.
There is 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, Next Gen Metals Inc finds support just below today's level at $0.41. If this is broken, then the next support from accumulated volume will be at $0.39 and $0.37.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.03 between high and low, or 6.04%. For the last week the stock has had a daily average volatility of 6.15%.
Next Gen Metals Inc is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
6.15 %Average volatility
Very Low Low Medium High Very High
The Next Gen Metals Inc stock holds several negative signals and despite the positive trend we believe Next Gen Metals Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us