ALEX Lab USD Stock Forecast
Volatile ride for ALEX Lab USD stock price on Friday moving between $0.0751 and $0.0854
(Updated on Jun 28, 2024)
The ALEX Lab USD stock price gained 0.97% on the last trading day (Friday, 28th Jun 2024), rising from $0.0786 to $0.0794. During the last trading day the stock fluctuated 13.80% from a day low at $0.0751 to a day high of $0.0854. The price has fallen in 7 of the last 10 days and is down by -16.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 721 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $129.21 thousand.
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 $0.0875 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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ALEXUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 8.21%. Further rise is indicated until a new top pivot has been found. ALEX Lab USD 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ALEX Lab USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.110. On a fall, the stock will find some support from the short-term average at $0.0780. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ALEX Lab USD stock
ALEX Lab USD finds support from accumulated volume at $0.0781 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 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 $0.0104 between high and low, or 13.80%. For the last week, the stock has had daily average volatility of 17.02%.
ALEX Lab USD is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALEXUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect ALEX Lab USD to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0584 and $0.100, which gives a possible trading interval of +/-$0.0210 (+/-26.51%) up or down from last closing price. If ALEX Lab USD takes out the full calculated possible swing range there will be an estimated 53.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0781 (1.61%) than the resistance at $0.0942 (18.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ALEX Lab USD stock A Buy?
ALEX Lab USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.806 Sell Candidate Unchanged
Predicted Opening Price for ALEX Lab USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0800 ( 0.723%) | $0.0794 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALEXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0903 | 13.77% |
| R2 | 0.0864 | 8.79% |
| R1 | 0.0839 | 5.71% |
| Price | 0.0794 | |
| S1 | 0.0760 | -4.26% |
| S2 | 0.0736 | -7.34% |
| S3 | 0.0696 | -12.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0956 | 20.44% |
| R2 | 0.0946 | 19.17% |
| R1 | 0.0942 | 18.57% |
| Price | 0.0794 | |
| S1 | 0.0781 | -1.61% |
| S2 | 0.0781 | -1.67% |
| S3 | 0.0734 | -7.59% |
FAQ
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