Item 9 Labs Corp. Stock Forecast

Stronger technical forecast for Item 9 Labs Corp. stock price after Friday trading.
(Updated on May 03, 2024)

INLB Signals & Forecast

There are mixed signals in the stock today. The Item 9 Labs Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0002. On a fall, the stock will find some support from the short-term average at $0.0002. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. 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 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 Item 9 Labs Corp. 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: $0.0002 (-4.34%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

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

For the upcoming trading day on Monday, 6th we expect Item 9 Labs Corp. to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0003, which gives a possible trading interval of +/-$0.00005048 (+/-25.24%) up or down from last closing price. If Item 9 Labs Corp. takes out the full calculated possible swing range there will be an estimated 50.48% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0002, some $0.000036 (18.00%) from the current price of $0.0002, our system finds the risk reward not very attractive.

Is Item 9 Labs Corp. stock A Buy?

Item 9 Labs Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Item 9 Labs Corp. of Monday, May 6, 2024

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