My Size Inc Stock Forecast
My Size Inc stock price ended at $0.427 on Thursday, after losing 0.84%.
(Updated on Mar 28, 2024)
The My Size Inc stock price fell by -0.84% on the last day (Thursday, 28th Mar 2024) from $0.430 to $0.427. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 9.51% from a day low at $0.410 to a day high of $0.449. The price has fallen in 6 of the last 10 days but is still up by 9.72% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 thousand shares and in total, 48 thousand shares were bought and sold for approximately $20.43 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -26.85% during the next 3 months and, with a 90% probability hold a price between $0.249 and $0.381 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MYSZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The My Size Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.456 and $0.433. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -20.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for My Size Inc stock
My Size Inc finds support from accumulated volume at $0.411 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0390 between high and low, or 9.51%. For the last week the stock has had daily average volatility of 13.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MYSZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect My Size Inc to open at $0.429, and during the day (based on 14 day Average True Range), to move between $0.374 and $0.479, which gives a possible trading interval of +/-$0.0525 (+/-12.31%) up or down from last closing price. If My Size Inc takes out the full calculated possible swing range there will be an estimated 24.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.411 (3.63%) than the resistance at $0.445 (4.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is My Size Inc stock A Buy?
My Size Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.531 Sell Candidate Unchanged
Predicted Opening Price for My Size Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.429 ( 0.469%) | $0.427 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MYSZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.468 | 9.61 % | |
R2 | 0.453 | 6.12 % | ||
R1 | 0.443 | 3.96 % | ||
Current price: | 0.427 | |||
Support | S1 | 0.414 | -3.02 % | |
S2 | 0.404 | -5.18 % | ||
S3 | 0.390 | -8.68 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.481 | 12.78 % | |
R2 | 0.479 | 12.31 % | ||
R1 | 0.445 | 4.34 % | ||
Current price | 0.427 | |||
Support | S1 | 0.411 | -3.63% | |
S2 | 0.404 | -5.28% | ||
S3 | 0.397 | -6.94% |
FAQ
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