IIOT-OXYS Inc Stock Forecast
Red day on Tuesday for IIOT-OXYS Inc
(Updated on Jun 25, 2024)
No changes to the price of IIOT-OXYS Inc stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0015 to a day high of $0.0015. The price has been going up and down for this period, and there has been a 87.5% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0015 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.68% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0020 at the end of this 3-month period.
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ITOX Signals & Forecast
The IIOT-OXYS 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 $0.0012 and $0.0009. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for IIOT-OXYS Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very 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 24.55%.
The IIOT-OXYS Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $0.0015 (-3.22%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ITOX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect IIOT-OXYS Inc to open at $0.0015, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0016, which gives a possible trading interval of +/-$0.0001 (+/-8.53%) up or down from last closing price. If IIOT-OXYS Inc takes out the full calculated possible swing range there will be an estimated 17.06% move between the lowest and the highest trading price during the day.
Is IIOT-OXYS 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 IIOT-OXYS Inc stock to perform well in the short-term.
Current score: 2.059 Buy Candidate Unchanged
Predicted Opening Price for IIOT-OXYS Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0015 ( 0.00000000%) | $0.0015 |
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 | 0.0015 | 0.00000000% |
| R2 | 0.0015 | 0.00000000% |
| R1 | 0.0015 | 0.00000000% |
| Price | 0.0015 | |
| S1 | 0.0015 | 0.00000000% |
| S2 | 0.0015 | 0.00000000% |
| S3 | 0.0015 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0015 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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