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$0.27 (4.65%)

Volume: 315.547k

Closed: Sep 26, 2022

Hollow Logo Score: -3.110

iQSTEL Inc. Stock Forecast

$0.27 (4.65%)

Volume: 315.547k

Closed: Sep 26, 2022

Score Hollow Logo -3.110
* 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: [ 20 - 75 ] RSI14 is 26 and the stock is currently not being overbought or oversold
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High volatility in iQSTEL Inc. stock price on Monday which ended trading at $0.27
(Updated on Sep 26, 2022)


Sell candidate since 2022-09-13 Loss -20.34% PDF

The iQSTEL Inc. stock price gained 4.65% on the last trading day (Monday, 26th Sep 2022), rising from $0.26 to $0.27. During the last trading day the stock fluctuated 10.84% from a day low at $0.24 to a day high of $0.27. The price has fallen in 7 of the last 10 days and is down by -23.46% for this period. Volume fell on the last day by -268 thousand shares and in total, 316 thousand shares were bought and sold for approximately $84.54 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.57% during the next 3 months and, with a 90% probability hold a price between $0.24 and $0.35 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, September 23, 2022, and so far it has risen 4.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iQSTEL Inc. 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 $0.30 and $0.34. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

iQSTEL Inc. finds support from accumulated volume at $0.26 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 $0.0264 between high and low, or 10.84%. For the last week the stock has had daily average volatility of 11.99%.

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

Trading Expectations For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect iQSTEL Inc. to open at $0.26, and during the day (based on 14 day Average True Range), to move between $0.24 and $0.30, which gives a possible trading interval of +/-$0.0300 (+/-11.21%) up or down from last closing price. If iQSTEL Inc. takes out the full calculated possible swing range there will be an estimated 22.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.26 (4.44%) than the resistance at $0.28 (6.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iQSTEL Inc. stock A Buy?

iQSTEL Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.110

Sell Candidate Upgraded

Predicted Opening Price for iQSTEL Inc. of Tuesday, September 27, 2022

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

Fair opening price September 27, 2022 Current price
$0.26 $0.27 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.29 7.09 %
0.28 3.33 %
0.27 1.00 %
Current price: 0.27
Support 0.25 -6.53 %
0.24 -8.85 %
0.23 -12.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.32 17.58 %
0.30 12.99 %
0.28 6.35 %
Current price 0.27
Support 0.26 -4.44%
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About iQSTEL Inc.

iQSTEL iQSTEL Inc., through its subsidiary, Etelix.com USA, LLC, provides telecom and technology solutions. It provides international long-distance voice services (ILD wholesale) for telecommunications operator; and submarine fiber optic network capacity for internet, such as 4G and 5G. The company offers voice over IP connectivity, short messages service (SMS), and international and domestic SMS termination services. It also provides infrastructure con... IQST Profile

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