Mace Security International, Inc. Stock Forecast

Mace Security International, Inc. stock price up 4.32% on Thursday
(Updated on May 09, 2024)

MACE Signals & Forecast

The Mace Security International, Inc. 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 $0.0450 and $0.0437. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Mace Security International, Inc. 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. 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. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -2.55%. Further fall is indicated until a new bottom pivot has been found.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 0.220% to $0.0460 within 4 trading days since signal was issued (Friday, May 10, 2024).

Support, Risk & Stop-loss for Mace Security International, Inc. stock

Mace Security International, Inc. finds support from accumulated volume at $0.0450 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0032 between high and low, or 7.32%. For the last week, the stock has had daily average volatility of 2.81%.

Our recommended stop-loss: $0.0441 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (MACE) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Mace Security International, Inc. to open at $0.0455, and during the day (based on 14 day Average True Range), to move between $0.0427 and $0.0491, which gives a possible trading interval of +/-$0.0032 (+/-7.04%) up or down from last closing price. If Mace Security International, Inc. takes out the full calculated possible swing range there will be an estimated 14.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0460 (0.22%) than the support at $0.0450 (1.96%), 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 Mace Security International, Inc. stock A Buy?

Mace Security International, Inc. 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 Mace Security International, Inc. of Friday, May 10, 2024

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