eWorld Companies, Inc. Stock Forecast
Big movements in eWorld Companies, Inc. stock price on Wednesday moving 33.33% between high and low
(Updated on Jun 26, 2024)
No changes to the price of eWorld Companies, Inc. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 33.33% from a day low at $0.0021 to a day high of $0.0028. The price has been going up and down for this period, and there has been a 28.57% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0027 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 44.04% during the next 3 months and, with a 90% probability hold a price between $0.0023 and $0.0039 at the end of this 3-month period.
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EWRC Signals & Forecast
The eWorld Companies, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0022 and $0.0018. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 eWorld Companies, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0024 and $0.0021. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0021 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0007 between high and low, or 33.33%. For the last week the stock has had daily average volatility of 16.29%.
Our recommended stop-loss: $0.0026 (-3.52%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (EWRC) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect eWorld Companies, Inc. to open at $0.0025, and during the day (based on 14 day Average True Range), to move between $0.0025 and $0.0029, which gives a possible trading interval of +/-$0.0002 (+/-9.24%) up or down from last closing price. If eWorld Companies, Inc. takes out the full calculated possible swing range there will be an estimated 18.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0024, some $0.0003 (11.11%) from the current price of $0.0027, our system finds the risk reward attractive.
Is eWorld Companies, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for eWorld Companies, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.807 Buy Candidate Downgraded
Predicted Opening Price for eWorld Companies, Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.0025 ( 6.17%) | $0.0027 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWRC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0032 | 19.75% |
| R2 | 0.0030 | 9.85% |
| R1 | 0.0028 | 3.73% |
| Price | 0.0027 | |
| S1 | 0.0023 | -16.08% |
| S2 | 0.0021 | -22.20% |
| S3 | 0.0018 | -32.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0027 | |
| S1 | 0.0024 | -11.11% |
| S2 | 0.0021 | -22.22% |
| S3 | 0 | - |
FAQ
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