Infrax Systems Inc Stock Forecast
High volatility in Infrax Systems Inc stock price on Tuesday which ended trading at $0.0005
(Updated on Apr 23, 2024)
No changes to the price of Infrax Systems Inc stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 66.67% from a day low at $0.0003 to a day high of $0.0005. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0005, a level that may pose a second chance to hit a runner. According to fan-theory $0.0007 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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IFXY Signals & Forecast
The Infrax Systems 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 $0.0004. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, April 22, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Infrax Systems Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0005 and $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0004 may give a huge drop in the stock price.
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 $0.0002 between high and low, or 66.67%. For the last week, the stock has had daily average volatility of 50.24%.
Our recommended stop-loss: $0.0005 (-3.72%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (IFXY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Infrax Systems Inc to open at $0.0004, 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 +/-$0.0001 (+/-23.27%) up or down from last closing price. If Infrax Systems Inc takes out the full calculated possible swing range there will be an estimated 46.54% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0005, some $0.00005 (10.00%) from the current price of $0.0005, our system finds the risk reward attractive.
Is Infrax Systems Inc stock A Buy?
Infrax Systems Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.500 Hold/Accumulate Unchanged
Predicted Opening Price for Infrax Systems Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.0004 ( 13.33%) | $0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFXY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0006 | 26.67 % | |
| R2 | 0.0006 | 11.39 % | ||
| R1 | 0.0005 | 1.95 % | ||
| Current price: | 0.0005 | |||
| Support | S1 | 0.0004 | -28.61 % | |
| S2 | 0.0003 | -38.05 % | ||
| S3 | 0.0002 | -53.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0005 | |||
| Support | S1 | 0.0005 | -10.00% | |
| S2 | 0.0004 | -20.00% | ||
| S3 | 0 | . |
FAQ
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