Mobivity Holdings Corp. Stock Forecast

Mobivity Holdings Corp. stock price ended at $0.300 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

MFON Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mobivity Holdings Corp. 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 $0.306 and $0.387. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Mobivity Holdings Corp. stock

Mobivity Holdings Corp. finds support from accumulated volume at $0.288 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band 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 1.33%.

Our recommended stop-loss: $0.282 (-6.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (MFON) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Mobivity Holdings Corp. to open at $0.300, and during the day (based on 14 day Average True Range), to move between $0.275 and $0.325, which gives a possible trading interval of +/-$0.0255 (+/-8.49%) up or down from last closing price. If Mobivity Holdings Corp. takes out the full calculated possible swing range there will be an estimated 16.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.310 (3.33%) than the support at $0.288 (4.00%), 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 Mobivity Holdings Corp. stock A Buy?

Mobivity Holdings Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 Mobivity Holdings Corp. of Monday, July 1, 2024

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