1414 Degrees Limited Stock Forecast
Red day on Friday for 1414 Degrees Limited stock after losing 1.18%
(Updated on May 10, 2024)
The 1414 Degrees Limited stock price fell by -1.18% on the last day (Friday, 10th May 2024) from $0.0850 to $0.0840. During the last trading day the stock fluctuated 3.57% from a day low at $0.0840 to a day high of $0.0870. The price has risen in 5 of the last 10 days and is up by 9.09% over the past 2 weeks. Volume has increased on the last day by 136 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 146 thousand shares were bought and sold for approximately $12.24 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.18% during the next 3 months and, with a 90% probability hold a price between $0.0778 and $0.124 at the end of this 3-month period.
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14D.AX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -2.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 1414 Degrees Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The 1414 Degrees Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0814 and $0.0733. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for 1414 Degrees Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0790 and $0.0690. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 1414 Degrees Limited finds support just below today's level at $0.0790. If this is broken, then the next support from accumulated volume will be at $0.0690 and $0.0660.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0030 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: $0.0812 (-3.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (14D.AX) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect 1414 Degrees Limited to open at $0.0850, and during the day (based on 14 day Average True Range), to move between $0.0800 and $0.0880, which gives a possible trading interval of +/-$0.0040 (+/-4.71%) up or down from last closing price. If 1414 Degrees Limited takes out the full calculated possible swing range there will be an estimated 9.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0860 (2.38%) than the support at $0.0790 (5.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is 1414 Degrees Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 1414 Degrees Limited stock to perform well in the short-term.
Current score: 2.170 Buy Candidate Unchanged
Predicted Opening Price for 1414 Degrees Limited of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$0.0850 ( 1.19%) | $0.0840 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 14D.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0880 | 4.76 % | |
R2 | 0.0869 | 3.40 % | ||
R1 | 0.0861 | 2.55 % | ||
Current price: | 0.0840 | |||
Support | S1 | 0.0839 | -0.174 % | |
S2 | 0.0831 | -1.02 % | ||
S3 | 0.0820 | -2.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0930 | 10.71 % | |
R2 | 0.0920 | 9.52 % | ||
R1 | 0.0860 | 2.38 % | ||
Current price | 0.0840 | |||
Support | S1 | 0.0790 | -5.95% | |
S2 | 0.0690 | -17.86% | ||
S3 | 0.0660 | -21.43% |
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