Micromobility.com Inc. Stock Forecast

Big movements in Micromobility.com Inc. stock price on Monday moving 20.00% between high and low
(Updated on Jun 17, 2024)

MCOM Signals & Forecast

There are few to no technical positive signals at the moment. The Micromobility.com Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0129 and $0.0131. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -28.16%. 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). Micromobility.com Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Micromobility.com Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0116 and $0.0114. 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, Micromobility.com Inc. finds support just below today's level at $0.0116. If this is broken, then the next support from accumulated volume will be at $0.0114 and $0.0097.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0025 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 20.32%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MCOM) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Micromobility.com Inc. to open at $0.0133, and during the day (based on 14 day Average True Range), to move between $0.0097 and $0.0153, which gives a possible trading interval of +/-$0.0028 (+/-22.23%) up or down from last closing price. If Micromobility.com Inc. takes out the full calculated possible swing range there will be an estimated 44.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0116 (7.20%) than the resistance at $0.0145 (16.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Micromobility.com Inc. stock A Buy?

The Micromobility.com Inc. stock holds several negative signals and despite the positive trend, we believe Micromobility.com Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -3.631 Sell Candidate Downgraded

Predicted Opening Price for Micromobility.com Inc. of Tuesday, June 18, 2024

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