MASON GRAPHITE Stock Forecast
Green day on Friday for MASON GRAPHITE
(Updated on Apr 26, 2024)
The MASON GRAPHITE stock price gained 3.25% on the last trading day (Friday, 26th Apr 2024), rising from $0.0800 to $0.0826. During the last trading day the stock fluctuated 0.605% from a day low at $0.0826 to a day high of $0.0831. The price has fallen in 6 of the last 10 days and is down by -11.87% for this period. Volume fell on the last day by -105 thousand shares and in total, 22 thousand shares were bought and sold for approximately $1.82 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0795 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.87% during the next 3 months and, with a 90% probability hold a price between $0.0605 and $0.0796 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MGPHF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.25%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MASON GRAPHITE 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 $0.0871 and $0.0943. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for MASON GRAPHITE stock
MASON GRAPHITE finds support from accumulated volume at $0.0800 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0005 between high and low, or 0.605%. For the last week the stock has had daily average volatility of 6.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MGPHF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect MASON GRAPHITE to open at $0.0828, and during the day (based on 14 day Average True Range), to move between $0.0765 and $0.0887, which gives a possible trading interval of +/-$0.0061 (+/-7.35%) up or down from last closing price. If MASON GRAPHITE takes out the full calculated possible swing range there will be an estimated 14.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0800 (3.15%) than the resistance at $0.0900 (8.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MASON GRAPHITE stock A Buy?
MASON GRAPHITE holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.867 Sell Candidate Unchanged
Predicted Opening Price for MASON GRAPHITE of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0828 ( 0.202%) | $0.0826 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MGPHF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0833 | 0.81 % | |
| R2 | 0.0831 | 0.576 % | ||
| R1 | 0.0830 | 0.433 % | ||
| Current price: | 0.0826 | |||
| Support | S1 | 0.0826 | -0.0295 % | |
| S2 | 0.0825 | -0.172 % | ||
| S3 | 0.0823 | -0.404 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.100 | 21.07 % | |
| R2 | 0.0950 | 15.01 % | ||
| R1 | 0.0900 | 8.96 % | ||
| Current price | 0.0826 | |||
| Support | S1 | 0.0800 | -3.15% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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