Illusion Systems Stock Forecast
Illusion Systems stock price ended at $0.0093 on Thursday, after losing 1.00%.
(Updated on Apr 25, 2024)
The Illusion Systems stock price fell by -1.00% on the last day (Thursday, 25th Apr 2024) from $0.0094 to $0.0093. During the last trading day the stock fluctuated 6.52% from a day low at $0.0092 to a day high of $0.0098. The price has fallen in 7 of the last 10 days and is down by -19.08% for this period. Volume has increased on the last day by 882 thousand 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, 5 million shares were bought and sold for approximately $45.04 thousand.
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 -37.28% during the next 3 months and, with a 90% probability hold a price between $0.0049 and $0.0067 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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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 $0.0100 and $0.0116. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -27.86%. 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). Illusion Systems 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.
Support, Risk & Stop-loss for Illusion Systems stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0006 between high and low, or 6.52%. For the last week, the stock has had daily average volatility of 11.16%.
Illusion Systems is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 26th
For the upcoming trading day on Friday, 26th we expect Illusion Systems Inc to open at $0.0094, and during the day (based on 14 day Average True Range), to move between $0.0081 and $0.0105, which gives a possible trading interval of +/-$0.0012 (+/-12.91%) up or down from last closing price. If Illusion Systems Inc takes out the full calculated possible swing range there will be an estimated 25.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0108, some $0.0015 (16.05%) from the current price of $0.0093, our system finds the risk reward not very attractive.
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: -7.417 Strong Sell Candidate Unchanged
Predicted Opening Price for Illusion Systems Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0094 ( 1.39%) | $0.0093 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0100 | 7.84 % | |
| R2 | 0.0098 | 5.37 % | ||
| R1 | 0.0097 | 3.85 % | ||
| Current price: | 0.0093 | |||
| Support | S1 | 0.0092 | -1.07 % | |
| S2 | 0.0091 | -2.59 % | ||
| S3 | 0.0088 | -5.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0115 | 23.58 % | |
| R2 | 0.0110 | 18.20 % | ||
| R1 | 0.0108 | 16.05 % | ||
| Current price | 0.0093 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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