Metalicity Limited Stock Forecast
Metalicity Limited stock price ended at $0.0020 on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)
No changes to the price of Metalicity Limited stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0020 to a day high of $0.0020. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0020 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Metalicity Limited stock with a 90% probability to be traded between $0.0019 and $0.0029 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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MCT.AX Signals & Forecast
There are mixed signals in the stock today. The Metalicity Limited 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 $0.0020 and $0.0021. 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 buy signal was issued from a pivot bottom point on Tuesday, May 28, 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).
Support, Risk & Stop-loss for Metalicity Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: $0.0019 (-6.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (MCT.AX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Metalicity Limited to open at $0.0020, and during the day (based on 14 day Average True Range), to move between $0.0019 and $0.0021, which gives a possible trading interval of +/-$0.00008102 (+/-4.05%) up or down from last closing price. If Metalicity Limited takes out the full calculated possible swing range there will be an estimated 8.10% move between the lowest and the highest trading price during the day.
Is Metalicity Limited stock A Buy?
Metalicity Limited 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: -0.580 Hold/Accumulate Unchanged
Predicted Opening Price for Metalicity Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0020 ( 0%) | $0.0020 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCT.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0020 | - |
| R2 | 0.0020 | - |
| R1 | 0.0020 | - |
| Price | 0.0020 | |
| S1 | 0.0020 | - |
| S2 | 0.0020 | - |
| S3 | 0.0020 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0020 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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