3DX Industries Inc Stock Forecast
Stronger technical forecast for 3DX Industries Inc stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The 3DX Industries Inc stock price gained 4.00% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0125 to $0.0130. During the last trading day the stock fluctuated 2.36% from a day low at $0.0127 to a day high of $0.0130. The price has fallen in 5 of the last 10 days and is down by -28.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 70 thousand more shares were traded than the day before. In total, 95 thousand shares were bought and sold for approximately $1.24 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0118 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.73% during the next 3 months and, with a 90% probability hold a price between $0.0109 and $0.0213 at the end of this 3-month period.
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DDDX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 4.00%. Further rise is indicated until a new top pivot has been found. 3DX Industries Inc 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. 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. The 3DX Industries Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0140 and $0.0177. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for 3DX Industries Inc stock
3DX Industries Inc finds support from accumulated volume at $0.0125 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 $0.0003 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 4.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DDDX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect 3DX Industries Inc to open at $0.0129, and during the day (based on 14 day Average True Range), to move between $0.0114 and $0.0146, which gives a possible trading interval of +/-$0.0016 (+/-12.42%) up or down from last closing price. If 3DX Industries Inc takes out the full calculated possible swing range there will be an estimated 24.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0131 (0.77%) than the support at $0.0125 (3.85%), 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 3DX Industries Inc stock A Buy?
3DX Industries Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.945 Sell Candidate Upgraded
Predicted Opening Price for 3DX Industries Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0129 ( 0.769%) | $0.0130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DDDX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0132 | 1.54% |
| R2 | 0.0131 | 0.657% |
| R1 | 0.0130 | 0.112% |
| Price | 0.0130 | |
| S1 | 0.0128 | -1.65% |
| S2 | 0.0127 | -2.20% |
| S3 | 0.0126 | -3.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0158 | 21.54% |
| R2 | 0.0145 | 11.54% |
| R1 | 0.0131 | 0.769% |
| Price | 0.0130 | |
| S1 | 0.0125 | -3.85% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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