Izotropic Corporation Stock Forecast
Big movements in Izotropic Corporation stock price on Friday moving 14.29% between high and low
(Updated on May 10, 2024)
The Izotropic Corporation stock price gained 9.09% on the last trading day (Friday, 10th May 2024), rising from $0.110 to $0.120. During the last trading day the stock fluctuated 14.29% from a day low at $0.105 to a day high of $0.120. The price has fallen in 4 of the last 10 days and is down by -14.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 741 more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately $3.93 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.01% during the next 3 months and, with a 90% probability hold a price between $0.0729 and $0.110 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IZO.CN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Izotropic Corporation 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. The Izotropic Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.120 and $0.128. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -7.69%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Izotropic Corporation stock
Izotropic Corporation finds support from accumulated volume at $0.115 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0150 between high and low, or 14.29%. For the last week, the stock has had daily average volatility of 6.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IZO.CN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Izotropic Corporation to open at $0.115, and during the day (based on 14 day Average True Range), to move between $0.110 and $0.130, which gives a possible trading interval of +/-$0.0104 (+/-8.66%) up or down from last closing price. If Izotropic Corporation takes out the full calculated possible swing range there will be an estimated 17.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.115 (4.17%) than the resistance at $0.125 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Izotropic Corporation stock A Buy?
Izotropic Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.218 Sell Candidate Upgraded
Predicted Opening Price for Izotropic Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.115 ( 4.17%) | $0.120 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IZO.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.130 | 8.33 % | |
| R2 | 0.124 | 3.56 % | ||
| R1 | 0.121 | 0.608 % | ||
| Current price: | 0.120 | |||
| Support | S1 | 0.109 | -8.94 % | |
| S2 | 0.106 | -11.89 % | ||
| S3 | 0.1000 | -16.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.140 | 16.67 % | |
| R2 | 0.135 | 12.50 % | ||
| R1 | 0.125 | 4.17 % | ||
| Current price | 0.120 | |||
| Support | S1 | 0.115 | -4.17% | |
| S2 | 0.110 | -8.33% | ||
| S3 | 0 | . |
FAQ
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