MIMOSA USD Stock Forecast
Green day on Wednesday for MIMOSA USD stock after gaining 1.34%
(Updated on Jun 26, 2024)
The MIMOSA USD stock price gained 1.34% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.0053 to $0.0054. During the last trading day the stock fluctuated 4.65% from a day low at $0.0052 to a day high of $0.0054. The price has fallen in 6 of the last 10 days and is down by -12.73% for this period. Volume fell on the last day by -932 shares and in total, 1 thousand shares were bought and sold for approximately $6.41 . 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 $0.0051 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -49.40% during the next 3 months and, with a 90% probability hold a price between $0.0026 and $0.0037 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MIMOUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 2.16%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The MIMOSA USD 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 $0.0055 and $0.0067. A break-up above any of these levels will issue buy signals. 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 MIMOSA USD stock
MIMOSA USD finds support from accumulated volume at $0.0053 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 $0.0002 between high and low, or 4.65%. For the last week the stock has had daily average volatility of 8.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MIMOUSD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect MIMOSA USD to open at $0.0053, and during the day (based on 14 day Average True Range), to move between $0.0049 and $0.0059, which gives a possible trading interval of +/-$0.0005 (+/-9.18%) up or down from last closing price. If MIMOSA USD takes out the full calculated possible swing range there will be an estimated 18.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0053 (1.32%) than the resistance at $0.0059 (8.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MIMOSA USD stock A Buy?
MIMOSA USD 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: -4.147 Sell Candidate Unchanged
Predicted Opening Price for MIMOSA USD of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.0053 ( 1.48%) | $0.0054 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIMOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0056 | 2.96% |
| R2 | 0.0055 | 1.26% |
| R1 | 0.0054 | 0.216% |
| Price | 0.0054 | |
| S1 | 0.0052 | -3.18% |
| S2 | 0.0052 | -4.22% |
| S3 | 0.0051 | -5.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0064 | 18.25% |
| R2 | 0.0060 | 10.50% |
| R1 | 0.0059 | 8.73% |
| Price | 0.0054 | |
| S1 | 0.0053 | -1.32% |
| S2 | 0.0053 | -2.12% |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy MIMOSA USD Stock.
