Morella Corporation Limited Stock Forecast
High volatility in Morella Corporation Limited stock price on Friday which ended trading at $0.0030
(Updated on Jun 28, 2024)
No changes to the price of Morella Corporation Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 50.00% from a day low at $0.0020 to a day high of $0.0030. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0033 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.69% during the next 3 months and, with a 90% probability hold a price between $0.0012 and $0.0026 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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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. 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 $0.0027 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Thursday, June 27, 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 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 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 $0.0010 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 (-3.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1MC.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st 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 (+/-31.97%) up or down from last closing price. If Morella Corporation Limited takes out the full calculated possible swing range there will be an estimated 63.94% 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.422 Hold/Accumulate Upgraded
Predicted Opening Price for Morella Corporation Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0027 ( 11.11%) | $0.0030 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1MC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0037 | 22.22% |
| R2 | 0.0033 | 9.49% |
| R1 | 0.0030 | 1.62% |
| Price | 0.0030 | |
| S1 | 0.0023 | -23.84% |
| S2 | 0.0020 | -31.71% |
| S3 | 0.0017 | -44.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0030 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
1MC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 25, 2002 | Nov 25, 2002 | Nov 25, 2002 | $0.0052 | 0% |
FAQ
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