Neutra Corp Stock Forecast
Is Neutra Corp stock still a buy after falling -13.33% on Thursday?
(Updated on Apr 25, 2024)
The Neutra Corp stock price fell by -13.33% on the last day (Thursday, 25th Apr 2024) from $0.0003 to $0.0003. 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 fallen in 5 of the last 10 days and is down by -25.71% 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 -9 million shares and in total, 2 thousand shares were bought and sold for approximately $0.390 .
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Neutra Corp stock with a 90% probability to be traded between $0.0002 and $0.0004 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NTRR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Neutra Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.0003 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -35.00%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, April 19, 2024 and based on theory for this formation the price should fall by -23.08% to $0.0002 within 2 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Neutra Corp stock
Neutra Corp finds support from accumulated volume at $0.0003 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 10.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTRR) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Neutra Corp to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00007360 (+/-28.31%) up or down from last closing price. If Neutra Corp takes out the full calculated possible swing range there will be an estimated 56.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0003 (3.85%) than the resistance at $0.0003 (15.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Neutra Corp stock A Buy?
Neutra Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.576 Sell Candidate Unchanged
Predicted Opening Price for Neutra Corp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | 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 NTRR
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 | 0.0003 | 15.38 % | ||
| Current price | 0.0003 | |||
| Support | S1 | 0.0003 | -3.85% | |
| S2 | 0.0002 | -23.08% | ||
| S3 | 0 | . |
FAQ
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