NBIS Pulls Back After Rally, $4.70 Key Near-Term Support
$NEBIUS(NBIS)$
“$4.87 retreat: NBIS -4.51% — consolidation after strong cannabis sector rally; $4.70 key near-term floor”
Close $4.87 (-4.51%), intraday $4.73–$5.10, volume 3.26 M vs avg 2.98 M.
The decline followed three consecutive positive sessions across U.S. cannabis equities, as traders locked in profits amid mixed signals on federal rescheduling progress.
Technical outlook:
RSI (14, 1D) = 69.51, signal = 58.10 → approaching overbought zone.
EMA 20 > EMA 50 and MACD rising confirm bullish structure.
Supports $114 / $112; Resistance $122 / $133 / $140.
Key levels:
Support $4.70 / $4.50; Resistance $5.10 / $5.35 / $5.60.
Holding above $4.70 keeps consolidation healthy; a break below risks deeper correction toward $4.40.
Valuation:
P/E n/a (loss-making), β ≈ 2.4, market cap ≈ $730 M.
Still a speculative trade linked to U.S. cannabis reform headlines rather than earnings growth.
1–2 week outlook:
Expect choppy trade between $4.5–5.3, leaning neutral-to-bearish until regulatory catalysts return.
Sources: Yahoo Finance (latest close, P/E, range); TradingView (daily MACD/RSI/SAR/EMA). Not investment advice.
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