IIOT-OXYS Inc Stock Forecast
Volatile ride for IIOT-OXYS Inc stock price on Friday moving between $0.0008 and $0.0009
(Updated on Jun 14, 2024)
The IIOT-OXYS Inc stock price gained 28.57% on the last trading day (Friday, 14th Jun 2024), rising from $0.0007 to $0.0009. During the last trading day the stock fluctuated 12.50% from a day low at $0.0008 to a day high of $0.0009. The price has been going up and down for this period, and there has been a 21.62% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $5.36 thousand.
The stock lies in the middle of a very wide and weak 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 6.42% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0011 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 $0.0008 and $0.0008. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 28.57%. Further rise is indicated until a new top pivot has been found. IIOT-OXYS Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, April 26, 2024 and based on theory for this formation the price should go up by 36.23% to $0.0012 within 23 trading days since signal was issued (Monday, June 17, 2024).
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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0001 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: $0.0009 (-4.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (ITOX) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th 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 +/-$0.00006090 (+/-6.77%) up or down from last closing price. If IIOT-OXYS Inc takes out the full calculated possible swing range there will be an estimated 13.53% 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?
IIOT-OXYS Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 IIOT-OXYS Inc of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.0009 ( 3.70%) | $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 | 0.0010 | 7.41% |
| R2 | 0.0009 | 3.16% |
| R1 | 0.0009 | 0.541% |
| Price | 0.0009 | |
| S1 | 0.0008 | -7.95% |
| S2 | 0.0008 | -10.57% |
| S3 | 0.0008 | -14.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| 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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