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Naked Brand Group
Ticker: NASDAQ:NAKD
Price: $0.412
Naked Brand Group News
The increase in NAKD stock comes alongside heavy trading of the shares. As of this writing, some 262 million shares of the stock have changed hands. To put that into perspective, the company’s daily average trading volume is roughly 105 million shares.
While it’s unclear what’s behind the positive movement for NAKD stock today, there’s no doubt investors are eyeing it. With that in mind, here’s a breakdown of what Naked Brand Group is all about.
- The company’s focus is on the design, manufacturing, and marketing of intimate clothing, apparel, and swimwear.
- It handles this through its various brands, such as Bendon, Frederick’s of Hollywood, Fayreform, Pleasure State, Lovable, Naked, Hickory, Bendon Man, and Davenport.
- Naked Brand Group sells its products in 14 countries via its more than 300 locations, as well as its e-commerce websites.
- The current iteration of the company came about in 2018 following its merger with Bendon Limited.
- Prior to that, Naked Brands was founded in 2008 and Bendon Limited was founded in 1947.
- It’s worth noting that the company is currently trying to regain compliance on the Nasdaq Exchange.
- NAKD stock has been trading below $1 per share, which isn’t allowed.
- The company has until May 24, 2021, to get its stock price back above that requirement.
NAKD stock was up 43.4% as of Tuesday morning.
Business Summary
Naked Brand Group Limited is a intimate apparel and swimwear company. The Company designs, manufactures and markets a portfolio of brands, catering to a broad cross-section of consumers and market segments.
Its Brands include Naked, Bendon, Bendon Man, Davenport, Evollove, Fayreform, Hickory, Lovable, Pleasure State, Heidi Klum Intimates, Heidi Klum Man, and Heidi Klum Swim.
The Company’s products are available in over 44 countries worldwide through around 6,000 retail doors.
The Company’s brands are distributed through department stores, specialty stores, independent boutiques and third-party e-commerce sites globally, including Macy’s, Nordstrom, Saks Fifth Avenue, Harrods, Selfridges, and Amazon.
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 0.19.
The projected upper bound is: 0.54.
The projected lower bound is: 0.29.
The projected closing price is: 0.42.
Candlesticks
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 18 white candles and 32 black candles for a net of 14 black candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 3 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 66.2983. This is not an overbought or oversold reading. The last signal was a buy 12 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 79.76. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 29 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 6 period(s) ago.
Rex Takasugi – TD Profile
NAKED BRAND GRP closed up 0.194 at 0.412. Volume was 870% above average (trending) and Bollinger Bands were 52% wider than normal.
Open High Low Close Volume
0.344 0.470 0.275 0.412 880,371,008
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.22 0.15 0.39
Volatility: 373 361 276
Volume: 169,512,736 130,748,632 44,540,888
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
NAKED BRAND GRP gapped up today (bullish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
NAKED BRAND GRP is currently 5.4% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into NAKD.O (bullish). Our trend forecasting oscillators are currently bullish on NAKD.O and have had this outlook for the last 31 periods. Our momentum oscillator is currently indicating that NAKD.O is currently in an overbought condition.
