AXP Energy Limited Stock Forecast
Is AXP Energy Limited stock still a buy after falling -14.29% on Wednesday?
(Updated on Jul 03, 2024)
The AXP Energy Limited stock price fell by -14.29% on the last day (Wednesday, 3rd Jul 2024) from $0.0007 to $0.0006. During the last trading day the stock fluctuated 0% from a day low at $0.0006 to a day high of $0.0006. The price has been going up and down for this period, and there has been a 20% gain for the last 2 weeks. Volume has increased on the last day by 1 million 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, 1 million shares were bought and sold for approximately $600.00 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.90% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0005 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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AUNXF Signals & Forecast
The AXP Energy Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0006. On a fall, the stock will find some support from the long-term average at approximately $0.0006. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, July 02, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found. AXP Energy 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.
A buy signal from a double bottom formation was found on Monday, June 03, 2024 and based on theory for this formation the price should go up by 8.33% to $0.0007 within 4 trading days (Friday, June 07, 2024) since signal was issued.
Support, Risk & Stop-loss for AXP Energy Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0005. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 0%.
Our recommended stop-loss: $0.0006 (-4.66%) (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 (AUNXF) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect AXP Energy Limited to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0006, which gives a possible trading interval of +/-$0.00003886 (+/-6.48%) up or down from last closing price. If AXP Energy Limited takes out the full calculated possible swing range there will be an estimated 12.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0007 (10.00%) than the support at $0.0005 (16.67%), 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 AXP Energy Limited stock A Buy?
AXP Energy 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.
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 AXP Energy Limited of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $0.0006 ( 0%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUNXF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | - |
| R2 | 0.0006 | - |
| R1 | 0.0006 | - |
| Price | 0.0006 | |
| S1 | 0.0006 | - |
| S2 | 0.0006 | - |
| S3 | 0.0006 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0007 | 20.00% |
| R2 | 0.0007 | 16.67% |
| R1 | 0.0007 | 10.00% |
| Price | 0.0006 | |
| S1 | 0.0005 | -16.67% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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