Infrax Systems Inc Stock Forecast
Big movements in Infrax Systems Inc stock price on Friday moving 33.33% between high and low
(Updated on May 03, 2024)
The Infrax Systems Inc stock price fell by -9.09% on the last day (Friday, 3rd May 2024) from $0.0004 to $0.0004. During the last trading day the stock fluctuated 33.33% from a day low at $0.0003 to a day high of $0.0004. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $1.36 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Infrax Systems Inc stock with a 90% probability to be traded between $0.0003 and $0.0005 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IFXY Signals & Forecast
There are few to no technical positive signals at the moment. The Infrax Systems Inc 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 $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -20.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Infrax Systems 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.
A sell signal from a double top formation was found on Wednesday, May 01, 2024 with a target of $0.0004. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
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 $0.0004. 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 33.33%. For the last week, the stock has had daily average volatility of 46.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IFXY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Infrax Systems Inc to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.0001 (+/-31.68%) up or down from last closing price. If Infrax Systems Inc takes out the full calculated possible swing range there will be an estimated 63.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0004 (10.00%) than the support at $0.0004 (12.50%), 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 Infrax Systems Inc stock A Buy?
Infrax Systems Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.699 Sell Candidate Unchanged
Predicted Opening Price for Infrax Systems Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0004 ( 8.33%) | $0.0004 |
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 | 0.0005 | 16.67 % | |
| R2 | 0.0004 | 7.12 % | ||
| R1 | 0.0004 | 1.22 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0003 | -17.88 % | |
| S2 | 0.0003 | -23.78 % | ||
| S3 | 0.0003 | -33.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0005 | 12.50 % | ||
| R1 | 0.0004 | 10.00 % | ||
| Current price | 0.0004 | |||
| Support | S1 | 0.0004 | -12.50% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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