ePlay Digital Inc Stock Forecast
ePlay Digital Inc stock price up more than 100.00% on Thursday
(Updated on Jun 13, 2024)
The ePlay Digital Inc stock price gained 100.00% on the last trading day (Thursday, 13th Jun 2024), rising from $0.0050 to $0.0100. During the last trading day the stock fluctuated 0% from a day low at $0.0100 to a day high of $0.0100. The price has been going up and down for this period, and there has been a 100% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $10.00 .
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0093, a level that may pose a second chance to hit a runner. According to fan-theory $0.0163 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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EPY.CN Signals & Forecast
The ePlay Digital Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0057 and $0.0067. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ePlay Digital Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ePlay Digital Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 20.00%.
Our recommended stop-loss: $0.0096 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (EPY.CN) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect ePlay Digital Inc to open at $0.0100, and during the day (based on 14 day Average True Range), to move between $0.0076 and $0.0124, which gives a possible trading interval of +/-$0.0024 (+/-23.97%) up or down from last closing price. If ePlay Digital Inc takes out the full calculated possible swing range there will be an estimated 47.93% move between the lowest and the highest trading price during the day.
Is ePlay Digital Inc stock A Buy?
ePlay Digital Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ePlay Digital Inc of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| $0.0100 ( 0%) | $0.0100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPY.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0100 | - |
| R2 | 0.0100 | - |
| R1 | 0.0100 | - |
| Price | 0.0100 | |
| S1 | 0.0100 | - |
| S2 | 0.0100 | - |
| S3 | 0.0100 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0100 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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