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NEXO.X
Cryptocurrencies ticker:
AS OF
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Price
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Capitalization
420.51M

NEXO.X Nexo cryptocurrency Forecast, Technical & Fundamental Analysis

Category SmartContract
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NEXO.X with price predictions
07:00 PM EST Nov 27, 2023

NEXO.X sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for NEXO.X moved above the 200-day moving average on November 20, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 22, 2023. You may want to consider a long position or call options on NEXO.X as a result. In of 109 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for NEXO.X crossed bullishly above the 50-day moving average on October 25, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NEXO.X advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 214 cases where NEXO.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for NEXO.X moved out of overbought territory on November 16, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where NEXO.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NEXO.X turned negative on November 17, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NEXO.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NEXO.X broke above its upper Bollinger Band on November 09, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Market Cap

The average market capitalization across the group is 420.51M. The market cap for tickers in the group ranges from 420.51M to 420.51M. NEXO.X holds the highest valuation in this group at 420.51M. The lowest valued company is NEXO.X at 420.51M.

High and low price notable news

The average weekly price growth across all stocks in the group was 4%. For the same group, the average monthly price growth was 19%, and the average quarterly price growth was 12%. NEXO.X experienced the highest price growth at 4%, while NEXO.X experienced the biggest fall at 4%.

Volume

The average weekly volume growth across all stocks in the group was 371%. For the same stocks of the group, the average monthly volume growth was 1,100% and the average quarterly volume growth was 576%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating:
P/E Growth Rating:
Price Growth Rating:
SMR Rating:
Profit Risk Rating:
Seasonality Score: (-100 ... +100)
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NEXO.X and

Correlation & Price change

A.I.dvisor indicates that over the last year, NEXO.X has been loosely correlated with BTCUP.X. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if NEXO.X jumps, then BTCUP.X could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NEXO.X
1D Price
Change %
NEXO.X100%
+0.46%
BTCUP.X - NEXO.X
66%
Loosely correlated
+2.51%
BTC.X - NEXO.X
65%
Loosely correlated
+1.55%
ETH.X - NEXO.X
63%
Loosely correlated
+1.08%
ETHUP.X - NEXO.X
63%
Loosely correlated
+1.94%
WNXM.X - NEXO.X
58%
Loosely correlated
+2.34%
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