iWallet Corporation Stock Forecast
Big movements in iWallet Corporation stock price on Friday moving 14.89% between high and low
(Updated on May 10, 2024)
The iWallet Corporation stock price fell by -5.26% on the last day (Friday, 10th May 2024) from $0.0285 to $0.0270. During the last trading day the stock fluctuated 14.89% from a day low at $0.0235 to a day high of $0.0270. The price has fallen in 4 of the last 10 days and is down by -13.6% for this period. Volume has increased on the last day by 958 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, 958 shares were bought and sold for approximately $25.87 .
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 $0.0240 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 182.37% during the next 3 months and, with a 90% probability hold a price between $0.0679 and $0.132 at the end of this 3-month period.
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IWAL Signals & Forecast
The iWallet Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0294. On a fall, the stock will find some support from the long-term average at approximately $0.0267. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 16, 2024, and so far it has fallen -28.76%. 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). iWallet Corporation 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 iWallet Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0230. 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 $0.0035 between high and low, or 14.89%. For the last week, the stock has had daily average volatility of 19.98%.
Our recommended stop-loss: $0.0258 (-4.43%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (IWAL) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect iWallet Corporation to open at $0.0258, and during the day (based on 14 day Average True Range), to move between $0.0198 and $0.0342, which gives a possible trading interval of +/-$0.0072 (+/-26.69%) up or down from last closing price. If iWallet Corporation takes out the full calculated possible swing range there will be an estimated 53.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0280 (3.70%) than the support at $0.0230 (14.81%), 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 iWallet Corporation stock A Buy?
iWallet Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 iWallet Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0258 ( 4.32%) | $0.0270 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IWAL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0293 | 8.64 % | |
| R2 | 0.0280 | 3.69 % | ||
| R1 | 0.0272 | 0.631 % | ||
| Current price: | 0.0270 | |||
| Support | S1 | 0.0245 | -9.27 % | |
| S2 | 0.0237 | -12.33 % | ||
| S3 | 0.0223 | -17.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0303 | 12.04 % | |
| R2 | 0.0288 | 6.67 % | ||
| R1 | 0.0280 | 3.70 % | ||
| Current price | 0.0270 | |||
| Support | S1 | 0.0230 | -14.81% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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