WM Technology, Inc. Stock Forecast
Volatile ride for WM Technology, Inc. stock price on Friday moving between $1.20 and $1.32
(Updated on May 03, 2024)
The WM Technology, Inc. stock price fell by -2.36% on the last day (Friday, 3rd May 2024) from $1.27 to $1.24. During the last trading day the stock fluctuated 10.00% from a day low at $1.20 to a day high of $1.32. The price has fallen in 6 of the last 10 days but is still up by 11.71% over the past 2 weeks. 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 -539 thousand shares and in total, 286 thousand shares were bought and sold for approximately $354.32 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 33.44% during the next 3 months and, with a 90% probability hold a price between $1.41 and $1.95 at the end of this 3-month period.
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MAPS Signals & Forecast
The WM Technology, 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 $1.17 and $1.17. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 03, 2024, and so far it has fallen -6.77%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 $1.15 and $1.09. 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 $1.15. If this is broken, then the next support from accumulated volume will be at $1.09 and $1.00.
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 $0.120 between high and low, or 10.00%. For the last week the stock has had daily average volatility of 16.97%.
Our recommended stop-loss: $1.19 (-4.15%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (MAPS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect WM Technology, Inc. to open at $1.25, and during the day (based on 14 day Average True Range), to move between $1.12 and $1.36, which gives a possible trading interval of +/-$0.119 (+/-9.61%) up or down from last closing price. If WM Technology, Inc. takes out the full calculated possible swing range there will be an estimated 19.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.27 (2.02%) than the support at $1.15 (7.26%), 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?
WM Technology, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.898 Hold/Accumulate Downgraded
Predicted Opening Price for WM Technology, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.25 ( 1.08%) | $1.24 |
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 | 1.37 | 10.75 % | |
| R2 | 1.33 | 7.06 % | ||
| R1 | 1.30 | 4.77 % | ||
| Current price: | 1.24 | |||
| Support | S1 | 1.21 | -2.62 % | |
| S2 | 1.18 | -4.91 % | ||
| S3 | 1.13 | -8.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.32 | 6.05 % | |
| R2 | 1.27 | 2.42 % | ||
| R1 | 1.27 | 2.02 % | ||
| Current price | 1.24 | |||
| Support | S1 | 1.15 | -7.26% | |
| S2 | 1.09 | -12.10% | ||
| S3 | 1.00 | -19.47% |
FAQ
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