Inception Mining Inc Stock Forecast

Big movements in Inception Mining Inc stock price on Friday moving 10.00% between high and low
(Updated on May 03, 2024)

IMII Signals & Forecast

The Inception Mining Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0009 and $0.0009. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 57.14%. 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). Inception Mining Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Inception Mining Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0010 and $0.0010. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Inception Mining Inc finds support just below today's level at $0.0010. If this is broken, then the next support from accumulated volume will be at $0.0010 and $0.0009.

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 10.00%. For the last week, the stock has had daily average volatility of 2.00%.

Our recommended stop-loss: $0.0011 (-3.88%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (IMII) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Inception Mining Inc to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0010 and $0.0012, which gives a possible trading interval of +/-$0.00008053 (+/-7.32%) up or down from last closing price. If Inception Mining Inc takes out the full calculated possible swing range there will be an estimated 14.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0012 (9.09%) than the support at $0.0010 (9.09%), 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 Inception Mining Inc stock A Buy?

Inception Mining 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Inception Mining Inc of Monday, May 6, 2024

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