RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MIGI
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High volatility in Mawson Infrastructure Group Inc. stock price on Wednesday which ended trading at $1.43
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Loss -7.74% PDF

The Mawson Infrastructure Group Inc. stock price fell by -5.30% on the last day (Wednesday, 27th Mar 2024) from $1.51 to $1.43. During the last trading day the stock fluctuated 10.79% from a day low at $1.39 to a day high of $1.54. The price has fallen in 6 of the last 10 days but is still up by 1.42% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -29 thousand shares and in total, 296 thousand shares were bought and sold for approximately $422.73 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -50.40% during the next 3 months and, with a 90% probability hold a price between $0.376 and $0.98 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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MIGI Signals & Forecast

There are mixed signals in the stock today. The Mawson Infrastructure Group 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 $1.52 and $1.71. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 14.40%. 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 Mawson Infrastructure Group Inc. stock

Mawson Infrastructure Group Inc. finds support from accumulated volume at $1.41 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.150 between high and low, or 10.79%. For the last week the stock has had daily average volatility of 10.72%.

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

Trading Expectations (MIGI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Mawson Infrastructure Group Inc. to open at $1.45, and during the day (based on 14 day Average True Range), to move between $1.19 and $1.67, which gives a possible trading interval of +/-$0.243 (+/-17.00%) up or down from last closing price. If Mawson Infrastructure Group Inc. takes out the full calculated possible swing range there will be an estimated 34.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.41 (1.40%) than the resistance at $1.57 (9.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mawson Infrastructure Group Inc. stock A Buy?

Mawson Infrastructure Group Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Sell to a Strong Sell candidate.

Current score: -5.614 Strong Sell Candidate Downgraded

Predicted Opening Price for Mawson Infrastructure Group Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.45 ( 1.63%) $1.43

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

Trading levels for MIGI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.60 12.12 %
R2 1.55 8.11 %
R1 1.51 5.64 %
Current price: 1.43
Support S1 1.40 -2.38 %
S2 1.36 -4.85 %
S3 1.30 -8.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.69 18.18 %
R2 1.58 10.49 %
R1 1.57 9.79 %
Current price 1.43
Support S1 1.41 -1.40%
S2 1.28 -10.49%
S3 1.25 -12.59%

FAQ

What is the symbol for Mawson Infrastructure Group Inc. Stock and on which exchange is it traded?
The symbol for Mawson Infrastructure Group Inc. is MIGI and it is traded on the PINK (Pink Sheets).

Should I buy or sell Mawson Infrastructure Group Inc. Stock?
Mawson Infrastructure Group Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Sell to a Strong Sell candidate.

How to buy Mawson Infrastructure Group Inc. Stock?
Mawson Infrastructure Group Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mawson Infrastructure Group Inc. Stock.

What's the current price of Mawson Infrastructure Group Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Mawson Infrastructure Group Inc. (MIGI) share was $1.43.

What is the 52-week high and low for Mawson Infrastructure Group Inc. Stock?
The 52-week high for Mawson Infrastructure Group Inc. Stock is $4.40 and the 52-week low is $0.434.

What is the market capitalization of Mawson Infrastructure Group Inc. Stock?
As of the 2024-03-27, the market capitalization of Mawson Infrastructure Group Inc. is 25.133M.

When is the next earnings date for Mawson Infrastructure Group Inc.?
The upcoming earnings date for Mawson Infrastructure Group Inc. is Mar 28, 2024.
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About Mawson Infrastructure Group Inc.

Mawson Infrastructure Group. Mawson Infrastructure Group Inc., a digital infrastructure provider, operates in cryptocurrency mining in the United States and Australia. It owns and operates modular data centers. The company is based in North Sydney, Australia.... MIGI Profile

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