Ix Acquisition Corp. Stock Forecast
Ix Acquisition Corp. stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Ix Acquisition Corp. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0800 to a day high of $0.0800. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and strong 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 14.48% during the next 3 months and, with a 90% probability hold a price between $0.0813 and $0.115 at the end of this 3-month period.
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IXAQW Signals & Forecast
The Ix Acquisition Corp. 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 $0.0800 and $0.0795. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. 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 Ix Acquisition Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0688 and $0.0620. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0620 may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%
Our recommended stop-loss: $0.0752 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (IXAQW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ix Acquisition Corp. to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0782 and $0.0818, which gives a possible trading interval of +/-$0.0018 (+/-2.20%) up or down from last closing price. If Ix Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0801 (0.13%) than the support at $0.0688 (14.00%), 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 Ix Acquisition Corp. stock A Buy?
Ix Acquisition Corp. 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 Ix Acquisition Corp. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.0800 ( 0%) | $0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IXAQW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0800 | - |
R2 | 0.0800 | - |
R1 | 0.0800 | - |
Price | 0.0800 | |
S1 | 0.0800 | - |
S2 | 0.0800 | - |
S3 | 0.0800 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0900 | 12.50% |
R2 | 0.0836 | 4.50% |
R1 | 0.0801 | 0.125% |
Price | 0.0800 | |
S1 | 0.0688 | -14.00% |
S2 | 0.0620 | -22.50% |
S3 | 0 | - |
FAQ
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