Morella Corporation Limited Stock Forecast

High volatility in Morella Corporation Limited stock price on Wednesday which ended trading at $0.0030
(Updated on Jun 26, 2024)

1MC.AX Signals & Forecast

The Morella Corporation Limited 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 $0.0026 and $0.0027. 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). 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 Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Morella Corporation Limited 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0010 between high and low, or 50.00%. For the last week the stock has had daily average volatility of 50.00%.

Our recommended stop-loss: $0.0029 (-3.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (1MC.AX) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Morella Corporation Limited to open at $0.0027, and during the day (based on 14 day Average True Range), to move between $0.0020 and $0.0040, which gives a possible trading interval of +/-$0.0010 (+/-31.76%) up or down from last closing price. If Morella Corporation Limited takes out the full calculated possible swing range there will be an estimated 63.52% move between the lowest and the highest trading price during the day.

Is Morella Corporation Limited stock A Buy?

Morella Corporation Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.329 Hold/Accumulate Downgraded

Predicted Opening Price for Morella Corporation Limited of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.