I-ON Digital Corp. Stock Forecast

I-ON Digital Corp. stock price up 2.08% on Friday
(Updated on May 17, 2024)

IONI Signals & Forecast

The I-ON Digital Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.457 and $0.356. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 113.04%. Further rise is indicated until a new top pivot has been found. I-ON Digital Corp. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for I-ON Digital Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.452 and $0.440. 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, I-ON Digital Corp. finds support just below today's level at $0.452. If this is broken, then the next support from accumulated volume will be at $0.440 and $0.410.

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 $0.0200 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 12.04%.

Our recommended stop-loss: $0.471 (-3.90%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (IONI) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect I-ON Digital Corp. to open at $0.483, and during the day (based on 14 day Average True Range), to move between $0.433 and $0.547, which gives a possible trading interval of +/-$0.0573 (+/-11.69%) up or down from last closing price. If I-ON Digital Corp. takes out the full calculated possible swing range there will be an estimated 23.38% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.452, some $0.0377 (7.68%) from the current price of $0.490, our system finds the risk reward attractive.

Is I-ON Digital Corp. stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for I-ON Digital Corp. stock to perform well in the short-term period.

Current score: 6.556 Strong Buy Candidate Unchanged

Predicted Opening Price for I-ON Digital Corp. of Monday, May 20, 2024

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