Jun. 15 at 3:25 AM
nCino has been crushed — down 55% from its highs — and is now consolidating just above its 52-week low of
$13.80. This is the ultimate bounce or bust zone for the cloud-banking software leader.
Don't overlook what this company does. nCino provides the cloud platform that powers lending, onboarding, and account opening for banks and credit unions around the world — sticky, mission-critical software with recurring revenue. The selloff has been about valuation compression across software names, not a broken business. And right now, with a fresh SMA crossover and today's +3.9% relative-strength move, the chart is waking up.
The Bounce Thesis
NCNO is building a base right at long-term support, with a rounding bottom forming at deeply oversold levels. There's significant room to recover: the 50MA sits at
$16.70, the 150MA at
$19.70, and the 200MA at
$21.72 — a clean ladder of upside targets. How a stock reacts at multi-year lows tells you everything about whether real buyers are stepping in. The evidence here is building.
There may be one final test of the
$13.80 low before the real move begins — but that's exactly where your stop is defined.
The Push Through Resistance
A decisive close above
$17.36 confirms renewed bullish momentum. The 50MA at
$16.70 is the first gate; clear it and
$17.36, and NCNO targets the 150MA at
$19.70, then the 200MA at
$21.72.
🔵 Support / Entry Zone:
$13.80 –
$15.32
⚡ Breakout Trigger:
$17.36
📍 Waypoints:
$16.70 (50MA) →
$19.70 (150MA)
🎯 Price Target:
$21.72 (200MA)
🛑 Stop Loss:
$13.70
📊 Risk/Reward: 3.95:1
Stop clearly defined at
$13.70 — risk/reward of 3.95:1.
If you enjoy my analysis and want to see more trade ideas like this, your support means the world to me! Consider liking, sharing, or following for more deep dives into market opportunities. 🙏
