WM Technology, Inc. Stock Forecast
Red day on Wednesday for WM Technology, Inc.
(Updated on Apr 24, 2024)
No changes to the price of WM Technology, Inc. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 4.72% from a day low at $1.06 to a day high of $1.11. The price has fallen in 7 of the last 10 days and is down by -14.17% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.04 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 40.08% during the next 3 months and, with a 90% probability hold a price between $1.45 and $2.00 at the end of this 3-month period.
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MAPS Signals & Forecast
There are few to no technical positive signals at the moment. The WM Technology, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.12 and $1.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -18.05%. 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 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".
Support, Risk & Stop-loss for WM Technology, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.00 and $0.95. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, WM Technology, Inc. finds support just below today's level at $1.00. If this is broken, then the next support from accumulated volume will be at $0.95 and $0.94.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0500 between high and low, or 4.72%. For the last week the stock has had daily average volatility of 7.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAPS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect WM Technology, Inc. to open at $1.09, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.19, which gives a possible trading interval of +/-$0.0957 (+/-8.78%) up or down from last closing price. If WM Technology, Inc. takes out the full calculated possible swing range there will be an estimated 17.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.15 (5.50%) than the support at $1.00 (8.39%), 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 WM Technology, Inc. stock A Buy?
The WM Technology, Inc. stock holds several negative signals and despite the positive trend, we believe WM Technology, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.605 Sell Candidate Unchanged
Predicted Opening Price for WM Technology, Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.09 ( 0.306%) | $1.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAPS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.14 | 4.28 % | |
| R2 | 1.12 | 2.53 % | ||
| R1 | 1.11 | 1.45 % | ||
| Current price: | 1.09 | |||
| Support | S1 | 1.07 | -2.06 % | |
| S2 | 1.06 | -3.14 % | ||
| S3 | 1.04 | -4.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.33 | 22.02 % | |
| R2 | 1.32 | 20.64 % | ||
| R1 | 1.15 | 5.50 % | ||
| Current price | 1.09 | |||
| Support | S1 | 1.00 | -8.39% | |
| S2 | 0.95 | -12.84% | ||
| S3 | 0.94 | -14.22% |
FAQ
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