Eve Mobility Acquisition Corp Wt Stock Forecast
Evaluation of Eve Mobility Acquisition Corp Wt stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
No changes to the price of Eve Mobility Acquisition Corp Wt stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.110 to a day high of $0.110. The price has been going up and down for this period, and there has been a 1.85% gain for the last 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.101 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.82% during the next 3 months and, with a 90% probability hold a price between $0.123 and $0.182 at the end of this 3-month period.
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EVE-WT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eve Mobility Acquisition Corp Wt stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.119 and $0.110. A break-up above any of these levels will issue buy signals. 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.
A sell signal from a double top formation was found on Tuesday, June 25, 2024 and based on theory for this formation the price should fall by -7.55% to $0.102 within 13 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Eve Mobility Acquisition Corp Wt stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0984 and $0.0900. 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, Eve Mobility Acquisition Corp Wt finds support just below today's level at $0.0984. If this is broken, then the next support from accumulated volume will be at $0.0900 and $0.0887.
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 6.01%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVE-WT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Eve Mobility Acquisition Corp Wt to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.0964 and $0.124, which gives a possible trading interval of +/-$0.0136 (+/-12.40%) up or down from last closing price. If Eve Mobility Acquisition Corp Wt takes out the full calculated possible swing range there will be an estimated 24.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.111 (1.18%) than the support at $0.0984 (10.55%), 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 Eve Mobility Acquisition Corp Wt stock A Buy?
Eve Mobility Acquisition Corp Wt 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.343 Sell Candidate Downgraded
Predicted Opening Price for Eve Mobility Acquisition Corp Wt of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.110 ( 0%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVE-WT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.110 | - |
| R2 | 0.110 | - |
| R1 | 0.110 | - |
| Price | 0.110 | |
| S1 | 0.110 | - |
| S2 | 0.110 | - |
| S3 | 0.110 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.130 | 18.18% |
| R2 | 0.130 | 18.09% |
| R1 | 0.111 | 1.18% |
| Price | 0.110 | |
| S1 | 0.0984 | -10.55% |
| S2 | 0.0900 | -18.18% |
| S3 | 0.0887 | -19.36% |
FAQ
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