Eden Innovations Ltd Stock Forecast
Evaluation of Eden Innovations Ltd stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
No changes to the price of Eden Innovations Ltd stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0020 to a day high of $0.0020. The price has been going up and down for this period, and there has been a 100% gain for the last 2 weeks.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.30% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0031 at the end of this 3-month period.
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EDE.AX Signals & Forecast
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 Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Eden Innovations Ltd 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 40.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDE.AX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Eden Innovations Ltd to open at $0.0020, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0026, which gives a possible trading interval of +/-$0.0006 (+/-30.85%) up or down from last closing price. If Eden Innovations Ltd takes out the full calculated possible swing range there will be an estimated 61.69% move between the lowest and the highest trading price during the day.
Is Eden Innovations Ltd stock A Buy?
The Eden Innovations Ltd stock holds several negative signals and despite the positive trend, we believe Eden Innovations Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.185 Sell Candidate Downgraded
Predicted Opening Price for Eden Innovations Ltd of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.0020 ( 0%) | $0.0020 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDE.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0020 | - |
R2 | 0.0020 | - |
R1 | 0.0020 | - |
Price | 0.0020 | |
S1 | 0.0020 | - |
S2 | 0.0020 | - |
S3 | 0.0020 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 0.0020 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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