ETAO International Co., Ltd. Stock Forecast
ETAO International Co., Ltd. stock price down 0% on Thursday
(Updated on May 09, 2024)
No changes to the price of ETAO International Co., Ltd. stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at $1.91 to a day high of $1.91. The price has risen in 5 of the last 10 days but is still down by -35.36% for this period.
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 $1.89 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.46% during the next 3 months and, with a 90% probability hold a price between $1.56 and $3.99 at the end of this 3-month period.
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ETAO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has fallen 0%. 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 ETAO International Co., Ltd. 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 $2.71 and $3.53. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ETAO International Co., 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 21.07%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETAO) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect ETAO International Co., Ltd. to open at $1.91, and during the day (based on 14 day Average True Range), to move between $1.40 and $2.42, which gives a possible trading interval of +/-$0.505 (+/-26.44%) up or down from last closing price. If ETAO International Co., Ltd. takes out the full calculated possible swing range there will be an estimated 52.89% move between the lowest and the highest trading price during the day.
Is ETAO International Co., Ltd. stock A Buy?
ETAO International Co., Ltd. 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.
Current score: -4.458 Sell Candidate Unchanged
Predicted Opening Price for ETAO International Co., Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $1.91 ( 0%) | $1.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETAO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.91 | . | |
| R2 | 1.91 | . | ||
| R1 | 1.91 | . | ||
| Current price: | 1.91 | |||
| Support | S1 | 1.91 | . | |
| S2 | 1.91 | . | ||
| S3 | 1.91 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.91 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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