EBET, Inc. Stock Forecast

Volatile ride for EBET, Inc. stock price on Tuesday moving between $0.0750 and $0.0850
(Updated on Jun 25, 2024)

EBET Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 26.87%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The EBET, 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 $0.125 and $0.204. 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). EBET, Inc. 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.

Support, Risk & Stop-loss for EBET, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0700 and $0.0670. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0670 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 $0.0100 between high and low, or 13.33%. For the last week, the stock has had daily average volatility of 63.79%.

EBET, Inc. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EBET) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect EBET, Inc. to open at $0.0817, and during the day (based on 14 day Average True Range), to move between $0.0509 and $0.119, which gives a possible trading interval of +/-$0.0341 (+/-40.17%) up or down from last closing price. If EBET, Inc. takes out the full calculated possible swing range there will be an estimated 80.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0896 (5.41%) than the support at $0.0700 (17.65%), 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 EBET, Inc. stock A Buy?

EBET, 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: -3.912 Sell Candidate Upgraded

Predicted Opening Price for EBET, Inc. of Wednesday, June 26, 2024

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