Enzolytics Stock Forecast
High volatility in Enzolytics stock price on Friday which ended trading at $0.0052
(Updated on Apr 26, 2024)
The Enzolytics stock price gained 18.18% on the last trading day (Friday, 26th Apr 2024), rising from $0.0044 to $0.0052. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 29.41% from a day low at $0.0043 to a day high of $0.0055. The price has been going up and down for this period, and there has been a -34.18% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 million more shares were traded than the day before. In total, 35 million shares were bought and sold for approximately $180.93 thousand.
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 -53.60% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0052 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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ENZC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 79.31%. Further rise is indicated until a new top pivot has been found. Enzolytics 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 Enzolytics 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 $0.0090. On a fall, the stock will find some support from the short-term average at $0.0044. 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 Enzolytics stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0044 and $0.0043. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Enzolytics finds support just below today's level at $0.0044. If this is broken, then the next support from accumulated volume will be at $0.0043 and $0.0042.
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 $0.0013 between high and low, or 29.41%. For the last week, the stock has had daily average volatility of 59.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENZC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Enzolytics Inc to open at $0.0050, and during the day (based on 14 day Average True Range), to move between $0.0035 and $0.0069, which gives a possible trading interval of +/-$0.0017 (+/-33.34%) up or down from last closing price. If Enzolytics Inc takes out the full calculated possible swing range there will be an estimated 66.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0056 (6.92%) than the support at $0.0044 (15.38%), 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 Enzolytics Inc stock A Buy?
Enzolytics 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: -2.462 Sell Candidate Unchanged
Predicted Opening Price for Enzolytics Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0050 ( 4.17%) | $0.0052 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENZC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0062 | 19.87 % | |
| R2 | 0.0058 | 10.69 % | ||
| R1 | 0.0055 | 5.02 % | ||
| Current price: | 0.0052 | |||
| Support | S1 | 0.0045 | -13.35 % | |
| S2 | 0.0042 | -19.02 % | ||
| S3 | 0.0037 | -28.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0056 | 6.92 % | ||
| Current price | 0.0052 | |||
| Support | S1 | 0.0044 | -15.38% | |
| S2 | 0.0043 | -17.31% | ||
| S3 | 0.0042 | -19.62% |
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