Jaws Mustang Acquisition Corp. Stock Forecast
Jaws Mustang Acquisition Corp. stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of Jaws Mustang 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 $0.100 to a day high of $0.100. The price has fallen in 4 of the last 10 days.
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 -58.61% during the next 3 months and, with a 90% probability hold a price between $0.0033 and $0.0614 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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JWSM-WT Signals & Forecast
There are mixed signals in the stock today. The Jaws Mustang Acquisition Corp. 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 $0.103 and $0.135. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 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).
Support, Risk & Stop-loss for Jaws Mustang Acquisition Corp. stock
Jaws Mustang Acquisition Corp. finds support from accumulated volume at $0.0998 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 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 5.07%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JWSM-WT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jaws Mustang Acquisition Corp. to open at $0.100, and during the day (based on 14 day Average True Range), to move between $0.0670 and $0.133, which gives a possible trading interval of +/-$0.0330 (+/-33.03%) up or down from last closing price. If Jaws Mustang Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 66.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0998 (0.20%) than the resistance at $0.106 (6.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jaws Mustang Acquisition Corp. stock A Buy?
Jaws Mustang Acquisition Corp. holds several negative signals and we believe that 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: -2.512 Sell Candidate Upgraded
Predicted Opening Price for Jaws Mustang Acquisition Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.100 ( 0.00000000%) | $0.100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JWSM-WT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.100 | 0.00000000% |
| R2 | 0.100 | 0.00000000% |
| R1 | 0.100 | 0.00000000% |
| Price | 0.100 | |
| S1 | 0.100 | 0.00000000% |
| S2 | 0.100 | 0.00000000% |
| S3 | 0.100 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.110 | 10.00% |
| R2 | 0.108 | 7.50% |
| R1 | 0.106 | 6.40% |
| Price | 0.100 | |
| S1 | 0.0998 | -0.200% |
| S2 | 0.0998 | -0.249% |
| S3 | 0 | - |
FAQ
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