Eyecity.Com Inc Stock Forecast
Volatile ride for Eyecity.Com Inc stock price on Monday moving between $0.0004 and $0.0005
(Updated on Jun 17, 2024)
The Eyecity.Com Inc stock price gained 25.00% on the last trading day (Monday, 17th Jun 2024), rising from $0.0004 to $0.0005. During the last trading day the stock fluctuated 25.00% from a day low at $0.0004 to a day high of $0.0005. The price has risen in 4 of the last 10 days and is up by 150% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately $2.02 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.0005 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 67.18% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0009 at the end of this 3-month period.
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ICTY Signals & Forecast
The Eyecity.Com 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 $0.0004 and $0.0003. 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 11, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Eyecity.Com Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ 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 $0.0001 between high and low, or 25.00%. For the last week the stock has had daily average volatility of 30.00%.
Our recommended stop-loss: $0.0005 (-3.24%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (ICTY) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Eyecity.Com Inc to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0006, which gives a possible trading interval of +/-$0.00009333 (+/-18.67%) up or down from last closing price. If Eyecity.Com Inc takes out the full calculated possible swing range there will be an estimated 37.33% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0004, some $0.0001 (20.00%) from the current price of $0.0005, our system finds the risk reward attractive.
Is Eyecity.Com 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 Eyecity.Com Inc stock to perform well in the short-term.
Current score: 3.137 Buy Candidate Unchanged
Predicted Opening Price for Eyecity.Com Inc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0005 ( 6.67%) | $0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICTY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 13.33% |
| R2 | 0.0005 | 5.69% |
| R1 | 0.0005 | 0.97% |
| Price | 0.0005 | |
| S1 | 0.0004 | -14.31% |
| S2 | 0.0004 | -19.03% |
| S3 | 0.0004 | -26.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0005 | |
| S1 | 0.0004 | -20.00% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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