IIOT-OXYS Inc Stock Forecast
High volatility in IIOT-OXYS Inc stock price on Tuesday which ended trading at $0.0009
(Updated on Jul 02, 2024)
The IIOT-OXYS Inc stock price fell by -10.00% on the last day (Tuesday, 2nd Jul 2024) from $0.0010 to $0.0009. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 25.00% from a day low at $0.0008 to a day high of $0.0010. The price has fallen in 5 of the last 10 days and is down by -10% for this period. Volume has increased on the last day by 6 million 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, 8 million shares were bought and sold for approximately $7.05 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0008 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 39.44% during the next 3 months and, with a 90% probability hold a price between $0.0011 and $0.0021 at the end of this 3-month period.
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ITOX Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The IIOT-OXYS Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0012 and $0.0009. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -40.00%. Further fall is indicated until a new bottom pivot has been found. IIOT-OXYS Inc 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.
Support, Risk & Stop-loss for IIOT-OXYS Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0008 and $0.0007. 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, IIOT-OXYS Inc finds support just below today's level at $0.0008. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0007.
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 $0.0002 between high and low, or 25.00%. For the last week, the stock has had daily average volatility of 8.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ITOX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect IIOT-OXYS Inc to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-14.70%) up or down from last closing price. If IIOT-OXYS Inc takes out the full calculated possible swing range there will be an estimated 29.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0008 (11.11%) than the resistance at $0.0010 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IIOT-OXYS Inc stock A Buy?
The IIOT-OXYS Inc stock holds several negative signals and despite the positive trend, we believe IIOT-OXYS Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.577 Sell Candidate Downgraded
Predicted Opening Price for IIOT-OXYS Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0009 ( 0.00000000%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITOX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 22.22% |
| R2 | 0.0010 | 13.73% |
| R1 | 0.0010 | 8.49% |
| Price | 0.0009 | |
| S1 | 0.0008 | -8.49% |
| S2 | 0.0008 | -13.73% |
| S3 | 0.0007 | -22.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0011 | 22.22% |
| R1 | 0.0010 | 11.11% |
| Price | 0.0009 | |
| S1 | 0.0008 | -11.11% |
| S2 | 0.0007 | -17.78% |
| S3 | 0.0007 | -22.22% |
FAQ
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