Jaws Mustang Acquisition Corporation Stock Forecast

Red day on Thursday for Jaws Mustang Acquisition Corporation
(Updated on May 02, 2024)

JWSM Signals & Forecast

The Jaws Mustang Acquisition Corporation 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 $11.01 and $11.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 0.639%. 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. Jaws Mustang Acquisition Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.

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 $11.00 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.185%.

Our recommended stop-loss: $10.25 (-7.03%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (JWSM) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Jaws Mustang Acquisition Corporation to open at $11.02, and during the day (based on 14 day Average True Range), to move between $11.00 and $11.04, which gives a possible trading interval of +/-$0.0229 (+/-0.21%) 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 0.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.04 (0.18%) than the support at $11.00 (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?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jaws Mustang Acquisition Corporation stock to perform well in the short-term period.

Current score: 3.044 Buy Candidate Unchanged

Predicted Opening Price for Jaws Mustang Acquisition Corporation of Friday, May 3, 2024

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