Intuitive Machines, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Monday for Intuitive Machines, Inc. stock after losing 1.37%
(Updated on Jun 24, 2024)
The Intuitive Machines, Inc. stock price fell by -1.37% on the last day (Monday, 24th Jun 2024) from $3.66 to $3.61. During the last trading day the stock fluctuated 4.48% from a day low at $3.57 to a day high of $3.73. The price has fallen in 8 of the last 10 days and is down by -19.6% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -394 thousand shares and in total, 3 million shares were bought and sold for approximately $9.74 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.30 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.03% during the next 3 months and, with a 90% probability hold a price between $2.38 and $3.72 at the end of this 3-month period.
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LUNR Signals & Forecast
There are few to no technical positive signals at the moment. The Intuitive Machines, Inc. 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 $3.75 and $4.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -40.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Intuitive Machines, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.160 between high and low, or 4.48%. For the last week, the stock has had daily average volatility of 3.87%.
Intuitive Machines, Inc. is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LUNR) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Intuitive Machines, Inc. to open at $3.64, and during the day (based on 14 day Average True Range), to move between $3.39 and $3.83, which gives a possible trading interval of +/-$0.218 (+/-6.05%) up or down from last closing price. If Intuitive Machines, Inc. takes out the full calculated possible swing range there will be an estimated 12.09% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.66, some $0.0500 (1.39%) from the current price of $3.61, our system finds the risk reward not very attractive.
Is Intuitive Machines, Inc. stock A Buy?
Intuitive Machines, Inc. 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.
Current score: -5.528 Strong Sell Candidate Unchanged
Predicted Opening Price for Intuitive Machines, Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $3.64 ( 0.739%) | $3.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUNR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.80 | 5.17% |
| R2 | 3.74 | 3.48% |
| R1 | 3.70 | 2.43% |
| Price | 3.61 | |
| S1 | 3.58 | -0.95% |
| S2 | 3.54 | -2.00% |
| S3 | 3.48 | -3.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.49 | 24.38% |
| R2 | 4.39 | 21.61% |
| R1 | 3.66 | 1.39% |
| Price | 3.61 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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