Jaws Mustang Acquisition Corporation Stock Forecast

Green day on Thursday for Jaws Mustang Acquisition Corporation stock after gaining 0.183%
(Updated on Apr 18, 2024)

JWSM Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 0.183%. Further rise is indicated until a new top pivot has been found. Jaws Mustang Acquisition 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jaws Mustang Acquisition Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.99. On a fall, the stock will find some support from the short-term average at $10.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, March 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 26, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Jaws Mustang Acquisition Corporation stock

Jaws Mustang Acquisition Corporation finds support from accumulated volume at $10.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0200 between high and low, or 0.183%. For the last week the stock has had daily average volatility of 0.0718%.

Our recommended stop-loss: $10.32 (-5.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (JWSM) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Jaws Mustang Acquisition Corporation to open at $10.96, and during the day (based on 14 day Average True Range), to move between $10.95 and $10.99, which gives a possible trading interval of +/-$0.0216 (+/-0.20%) up or down from last closing price. If Jaws Mustang Acquisition Corporation takes out the full calculated possible swing range there will be an estimated 0.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.99 (0.18%) than the support at $10.95 (0.18%), 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 Jaws Mustang Acquisition Corporation stock A Buy?

Jaws Mustang Acquisition Corporation 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 Jaws Mustang Acquisition Corporation of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.