Indo Global Exchanges Pte Ltd Stock Forecast
Big movements in Indo Global Exchanges Pte Ltd stock price on Thursday moving 25.00% between high and low
(Updated on Jun 27, 2024)
No changes to the price of Indo Global Exchanges Pte Ltd stock on the last trading day (Thursday, 27th Jun 2024). 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 been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.03% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0005 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IGEX Signals & Forecast
There are mixed signals in the stock today. The Indo Global Exchanges Pte Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0005 and $0.0006. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 25.00%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Indo Global Exchanges Pte Ltd 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 25.00%. For the last week, the stock has had daily average volatility of 5.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IGEX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Indo Global Exchanges Pte Ltd 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 +/-$0.00007140 (+/-14.28%) up or down from last closing price. If Indo Global Exchanges Pte Ltd takes out the full calculated possible swing range there will be an estimated 28.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0006 (10.00%) than the support at $0.0004 (20.00%), 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 Indo Global Exchanges Pte Ltd stock A Buy?
Indo Global Exchanges Pte Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.485 Sell Candidate Unchanged
Predicted Opening Price for Indo Global Exchanges Pte Ltd of Friday, June 28, 2024
Fair opening price June 28, 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 IGEX
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 | 0.0006 | 20.00% |
R1 | 0.0006 | 10.00% |
Price | 0.0005 | |
S1 | 0.0004 | -20.00% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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