Maison Luxe Inc. Stock Forecast
Maison Luxe Inc. stock upgraded to Hold/Accumulate.
(Updated on Jul 03, 2024)
No changes to the price of Maison Luxe Inc. stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0010 to a day high of $0.0010. The price has been going up and down for this period, and there has been a -9.09% loss for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Maison Luxe Inc. stock with a 90% probability to be traded between $0.0008 and $0.0012 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MASN Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Maison Luxe 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 $0.0011 and $0.0010. A break-up above any of these levels will issue buy signals. 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -7.78% to $0.0009 within 9 trading days (Tuesday, July 02, 2024) since signal was issued.
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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.00%
Our recommended stop-loss: $0.0009 (-5.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MASN) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th 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 +/-$0.00006215 (+/-6.22%) up or down from last closing price. If Maison Luxe Inc. takes out the full calculated possible swing range there will be an estimated 12.43% 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Maison Luxe Inc. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $0.0010 ( 0%) | $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 | 0.0010 | - |
| R2 | 0.0010 | - |
| R1 | 0.0010 | - |
| Price | 0.0010 | |
| S1 | 0.0010 | - |
| S2 | 0.0010 | - |
| S3 | 0.0010 | - |
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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