Maison Luxe Inc. Stock Forecast
Big movements in Maison Luxe Inc. stock price on Thursday moving 10.00% between high and low
(Updated on Jun 20, 2024)
The Maison Luxe Inc. stock price fell by -9.09% on the last day (Thursday, 20th Jun 2024) from $0.0011 to $0.0010. During the last trading day the stock fluctuated 10.00% from a day low at $0.0010 to a day high of $0.0011. The price has been going up and down for this period, and there has been a -9.09% loss for the last 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 -1 million shares and in total, 1 million shares were bought and sold for approximately $1.24 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.06% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0011 at the end of this 3-month period.
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MASN Signals & Forecast
The Maison Luxe Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0009 and $0.0010. 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 Tuesday, June 18, 2024, and so far it has fallen -9.09%. 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. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, May 23, 2024 with a target of $0.0009. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Maison Luxe Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0010 and $0.0009. 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, Maison Luxe Inc. finds support just below today's level at $0.0010. If this is broken, then the next support from accumulated volume will be at $0.0009 and $0.0008.
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 $0.0001 between high and low, or 10.00%. For the last week the stock has had daily average volatility of 6.00%.
Our recommended stop-loss: $0.0009 (-5.82%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (MASN) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Maison Luxe Inc. to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0011, which gives a possible trading interval of +/-$0.00008295 (+/-8.30%) up or down from last closing price. If Maison Luxe Inc. takes out the full calculated possible swing range there will be an estimated 16.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0011 (5.00%) than the support at $0.0010 (5.00%), 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 Maison Luxe Inc. stock A Buy?
Maison Luxe 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: -0.986 Hold/Accumulate Unchanged
Predicted Opening Price for Maison Luxe Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.0010 ( 3.33%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MASN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 13.33% |
| R2 | 0.0011 | 9.51% |
| R1 | 0.0011 | 7.15% |
| Price | 0.0010 | |
| S1 | 0.0010 | -0.487% |
| S2 | 0.0010 | -2.85% |
| S3 | 0.0009 | -6.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0012 | 20.00% |
| R2 | 0.0011 | 10.00% |
| R1 | 0.0011 | 5.00% |
| Price | 0.0010 | |
| S1 | 0.0010 | -5.00% |
| S2 | 0.0009 | -10.00% |
| S3 | 0.0008 | -20.00% |
FAQ
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