Moolec Science SA Stock Forecast
Moolec Science SA stock price up more than 5.66% on Friday
(Updated on Jun 21, 2024)
The Moolec Science SA stock price gained 5.66% on the last trading day (Friday, 21st Jun 2024), rising from $1.06 to $1.12. During the last trading day the stock fluctuated 9.80% from a day low at $1.02 to a day high of $1.12. The price has fallen in 6 of the last 10 days and is down by -4.27% for this period. Volume fell on the last day by -16 thousand shares and in total, 7 thousand shares were bought and sold for approximately $7.45 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 $0.90 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.95% during the next 3 months and, with a 90% probability hold a price between $0.781 and $1.95 at the end of this 3-month period.
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MLEC Signals & Forecast
There are mixed signals in the stock today. The Moolec Science SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.20. On a fall, the stock will find some support from the short-term average at $1.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -54.66%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Moolec Science SA stock
Moolec Science SA finds support from accumulated volume at $1.11 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 $0.100 between high and low, or 9.80%. For the last week the stock has had daily average volatility of 7.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MLEC) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Moolec Science SA to open at $1.09, and during the day (based on 14 day Average True Range), to move between $1.03 and $1.21, which gives a possible trading interval of +/-$0.0851 (+/-7.60%) up or down from last closing price. If Moolec Science SA takes out the full calculated possible swing range there will be an estimated 15.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.11 (0.89%) than the resistance at $1.34 (19.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moolec Science SA stock A Buy?
Moolec Science SA 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.
Current score: -4.303 Sell Candidate Unchanged
Predicted Opening Price for Moolec Science SA of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$1.09 ( 2.98%) | $1.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLEC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.19 | 5.95% |
R2 | 1.15 | 2.54% |
R1 | 1.12 | 0.435% |
Price | 1.12 | |
S1 | 1.05 | -6.39% |
S2 | 1.02 | -8.49% |
S3 | 0.99 | -11.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.38 | 23.21% |
R2 | 1.35 | 20.54% |
R1 | 1.34 | 19.64% |
Price | 1.12 | |
S1 | 1.11 | -0.89% |
S2 | 1.10 | -1.79% |
S3 | 1.06 | -5.36% |
FAQ
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