iQSTEL Inc. Stock Forecast
iQSTEL Inc. stock price ended at $0.348 on Thursday, after gaining 0.725%.
(Updated on Apr 25, 2024)
The iQSTEL Inc. stock price gained 0.725% on the last trading day (Thursday, 25th Apr 2024), rising from $0.345 to $0.348. During the last trading day the stock fluctuated 2.95% from a day low at $0.339 to a day high of $0.349. The price has fallen in 6 of the last 10 days and is down by -8.29% for this period. Volume fell on the last day by -197 thousand shares and in total, 122 thousand shares were bought and sold for approximately $42.45 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 57.85% during the next 3 months and, with a 90% probability hold a price between $0.469 and $0.693 at the end of this 3-month period.
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IQST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -10.87%. 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 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. The iQSTEL Inc. 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 $0.331 and $0.316. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for iQSTEL Inc. stock
iQSTEL Inc. finds support from accumulated volume at $0.337 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 $0.0100 between high and low, or 2.95%. For the last week the stock has had daily average volatility of 11.19%.
Our recommended stop-loss: $0.334 (-3.80%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (IQST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iQSTEL Inc. to open at $0.345, and during the day (based on 14 day Average True Range), to move between $0.313 and $0.382, which gives a possible trading interval of +/-$0.0342 (+/-9.84%) up or down from last closing price. If iQSTEL Inc. takes out the full calculated possible swing range there will be an estimated 19.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.350 (0.72%) than the support at $0.337 (2.96%), 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 iQSTEL Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iQSTEL Inc. stock to perform well in the short-term.
Current score: 2.420 Buy Candidate Unchanged
Predicted Opening Price for iQSTEL Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.345 ( 0.671%) | $0.348 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.355 | 2.21 % | |
| R2 | 0.351 | 1.11 % | ||
| R1 | 0.349 | 0.428 % | ||
| Current price: | 0.348 | |||
| Support | S1 | 0.341 | -1.77 % | |
| S2 | 0.339 | -2.45 % | ||
| S3 | 0.335 | -3.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.390 | 12.20 % | |
| R2 | 0.360 | 3.60 % | ||
| R1 | 0.350 | 0.719 % | ||
| Current price | 0.348 | |||
| Support | S1 | 0.337 | -2.96% | |
| S2 | 0.306 | -11.93% | ||
| S3 | 0.290 | -16.55% |
FAQ
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