$0.0750 (-1.32%)

Volume: 2.151M

Closed: Dec 01, 2022

Hollow Logo Score: -2.452

Illusion Systems Stock Forecast

$0.0750 (-1.32%)

Volume: 2.151M

Closed: Dec 01, 2022

Score Hollow Logo -2.452
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 80 ]
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Illusion Systems stock price down 1.32% on Thursday
(Updated on Dec 01, 2022)


Sell candidate since 2022-11-18 Loss -7.06% PDF

The Illusion Systems stock price fell by -1.32% on the last day (Thursday, 1st Dec 2022) from $0.0760 to $0.0750. During the last trading day the stock fluctuated 6.03% from a day low at $0.0730 to a day high of $0.0774. The price has fallen in 7 of the last 10 days and is down by -14.87% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 2 million shares were bought and sold for approximately $161.33 thousand.

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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 -11.55% during the next 3 months and, with a 90% probability hold a price between $0.0441 and $0.0967 at the end of this 3-month period.

ILUS Signals & Forecast

There are few to no technical positive signals at the moment. The Illusion Systems 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 $0.0765 and $0.0809. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, September 14, 2022, and so far it has fallen -38.52%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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Support, Risk & Stop-loss for Illusion Systems stock

Illusion Systems finds support from accumulated volume at $0.0739 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0044 between high and low, or 6.03%. For the last week the stock has had daily average volatility of 4.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ILUS) For The Upcoming Trading Day Of Friday 2nd

For the upcoming trading day on Friday, 2nd we expect Illusion Systems Inc to open at $0.0751, and during the day (based on 14 day Average True Range), to move between $0.0685 and $0.0815, which gives a possible trading interval of +/-$0.0065 (+/-8.64%) up or down from last closing price. If Illusion Systems Inc takes out the full calculated possible swing range there will be an estimated 17.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0739 (1.47%) than the resistance at $0.0776 (3.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Illusion Systems Inc stock A Buy?

Illusion Systems 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: -2.452 Open Broker Account

Sell Candidate Unchanged

Predicted Opening Price for Illusion Systems Inc of Friday, December 2, 2022

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

Fair opening price December 2, 2022 Current price
$0.0751 $0.0750 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.0795 6.04 %
0.0779 3.80 %
0.0768 2.42 %
Current price: 0.0750
Support 0.0735 -2.06 %
0.0724 -3.45 %
0.0707 -5.69 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.0918 22.40 %
0.0780 4.00 %
0.0776 3.40 %
Current price 0.0750
Support 0.0739 -1.47%
0.0736 -1.87%
0.0730 -2.67%

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About Illusion Systems Inc

Illusion Systems ILUS International Inc., a mergers and acquisitions company, focuses on acquiring and developing technology and manufacturing businesses worldwide. It primarily focuses on emergency services, and life safety and related technologies, such as emergency response vehicles, electric utility vehicles, specialist vehicle conversions, disruptive firefighting equipment, wearable technology, and related software solutions. The company was formerly known a... ILUS Profile

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