eWorld Companies, Inc. Stock Forecast

Big movements in eWorld Companies, Inc. stock price on Friday moving 12.50% between high and low
(Updated on Jun 28, 2024)

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 $0.0024 and $0.0019. 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 Thursday, June 27, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found. eWorld Companies, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $0.0021 and $0.0020. 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, eWorld Companies, Inc. finds support just below today's level at $0.0021. If this is broken, then the next support from accumulated volume will be at $0.0020 and $0.0019.

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 $0.0003 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 19.53%.

Our recommended stop-loss: $0.0023 (-5.16%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (EWRC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect eWorld Companies, Inc. to open at $0.0025, and during the day (based on 14 day Average True Range), to move between $0.0022 and $0.0026, which gives a possible trading interval of +/-$0.0002 (+/-10.39%) up or down from last closing price. If eWorld Companies, Inc. takes out the full calculated possible swing range there will be an estimated 20.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0021 (12.50%) than the resistance at $0.0027 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: 2.793 Buy Candidate Downgraded

Predicted Opening Price for eWorld Companies, Inc. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.