Izotropic Corporation Stock Forecast
Izotropic Corporation stock price ended at $0.0800 on Tuesday, after losing 0%.
(Updated on Jun 18, 2024)
No changes to the price of Izotropic Corporation stock on the last trading day (Tuesday, 18th 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 -7.08% loss for the last 2 weeks.
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 -9.71% during the next 3 months and, with a 90% probability hold a price between $0.0643 and $0.0968 at the end of this 3-month period.
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IZOZF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 $0.0813 and $0.0856. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Izotropic Corporation stock
Izotropic Corporation finds support from accumulated volume at $0.0792 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 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 high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (IZOZF) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Izotropic Corporation to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0742 and $0.0858, which gives a possible trading interval of +/-$0.0058 (+/-7.28%) up or down from last closing price. If Izotropic Corporation takes out the full calculated possible swing range there will be an estimated 14.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0792 (1.00%) than the resistance at $0.0861 (7.62%), 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 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.
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 Izotropic Corporation of Thursday, June 20, 2024
Fair opening price June 20, 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 IZOZF
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 | 0.0950 | 18.75% |
R2 | 0.0910 | 13.75% |
R1 | 0.0861 | 7.62% |
Price | 0.0800 | |
S1 | 0.0792 | -1.00% |
S2 | 0.0788 | -1.50% |
S3 | 0.0786 | -1.75% |
FAQ
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