Iron Horse Acquisitions Corp. Right Stock Forecast
Iron Horse Acquisitions Corp. Right stock price fell more than -5.00% Monday closing at $0.190
(Updated on Jun 17, 2024)
The Iron Horse Acquisitions Corp. Right stock price fell by -5.00% on the last day (Monday, 17th Jun 2024) from $0.200 to $0.190. During the last trading day the stock fluctuated 0% from a day low at $0.190 to a day high of $0.190. The price has been going up and down for this period, and there has been a -9.52% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $281.77 .
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.188 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.34% during the next 3 months and, with a 90% probability hold a price between $0.199 and $0.282 at the end of this 3-month period.
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IROHR Signals & Forecast
There are few to no technical positive signals at the moment. The Iron Horse Acquisitions Corp. Right 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 $0.211 and $0.213. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -26.92%. 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). Iron Horse Acquisitions Corp. Right gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -26.16% to $0.140 within 6 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Iron Horse Acquisitions Corp. Right stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.180. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 2.96%.
Iron Horse Acquisitions Corp. Right is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.180 (-5.42%) (This stock has high daily movements and this gives high risk. Low RSI14 is 29 which reduces the risk some. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (IROHR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Iron Horse Acquisitions Corp. Right to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.170 and $0.210, which gives a possible trading interval of +/-$0.0202 (+/-10.63%) up or down from last closing price. If Iron Horse Acquisitions Corp. Right takes out the full calculated possible swing range there will be an estimated 21.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.180 (5.16%) than the resistance at $0.200 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Iron Horse Acquisitions Corp. Right stock A Buy?
Iron Horse Acquisitions Corp. Right holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Iron Horse Acquisitions Corp. Right of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.190 ( 0.00000000%) | $0.190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IROHR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.190 | 0.00000000% |
| R2 | 0.190 | 0.00000000% |
| R1 | 0.190 | 0.00000000% |
| Price | 0.190 | |
| S1 | 0.190 | 0.00000000% |
| S2 | 0.190 | 0.00000000% |
| S3 | 0.190 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.210 | 10.53% |
| R2 | 0.200 | 5.32% |
| R1 | 0.200 | 5.26% |
| Price | 0.190 | |
| S1 | 0.180 | -5.16% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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