NVNI Should I Buy

NVNI is not a good buy right now for an impatient investor. The stock is in a strong downtrend with bearish momentum (MACD worsening, moving averages stacked bearishly) and is trading near lower support, while the only recent analyst update kept a Buy but slashed the price target dramatically due to capital needs and expected dilution—an overhang that can keep pressure on the stock near-term. With no proprietary buy signals today and no fresh news catalyst, the setup favors avoiding/ selling rather than buying immediately.

Pre-market price is ~1.60 (-4.19%). Trend is decisively bearish: SMA_200 > SMA_20 > SMA_5 confirms a sustained downtrend. Momentum is still weakening (MACD histogram -0.121 and negatively expanding). RSI_6 at ~18 is deeply oversold, which can produce short bounces, but oversold alone is not a buy signal when trend/momentum remain bearish. Key levels: Pivot 2.376 (well above current price, indicating price is extended below the pivot), resistance at R1 3.014 / R2 3.408 (far overhead). Supports: S1 1.738 (now overhead, likely becomes resistance) and S2 1.344 (next meaningful downside level). Pattern-based projection provided: ~50% chance of -3.56% next day; +3.06% next week; ~-0.14% next month—near-term skew is not favorable.