Moolec Science Sa Stock Forecast
Moolec Science Sa stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)
No changes to the price of Moolec Science Sa stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0420 to a day high of $0.0420. The price has been going up and down for this period, and there has been a -16% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0419 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.05% during the next 3 months and, with a 90% probability hold a price between $0.0499 and $0.113 at the end of this 3-month period.
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MLECW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. 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 Moolec Science Sa 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 $0.0492 and $0.0599. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Moolec Science Sa stock
Moolec Science Sa finds support from accumulated volume at $0.0404 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 6.78%
Our recommended stop-loss: $0.0393 (-6.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (MLECW) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Moolec Science Sa to open at $0.0420, and during the day (based on 14 day Average True Range), to move between $0.0322 and $0.0518, which gives a possible trading interval of +/-$0.0098 (+/-23.32%) up or down from last closing price. If Moolec Science Sa takes out the full calculated possible swing range there will be an estimated 46.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0404 (3.81%) than the resistance at $0.0500 (19.05%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.906 Hold/Accumulate Upgraded
Predicted Opening Price for Moolec Science Sa of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$0.0420 ( 0%) | $0.0420 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLECW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0420 | - |
R2 | 0.0420 | - |
R1 | 0.0420 | - |
Price | 0.0420 | |
S1 | 0.0420 | - |
S2 | 0.0420 | - |
S3 | 0.0420 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0509 | 21.19% |
R2 | 0.0501 | 19.29% |
R1 | 0.0500 | 19.05% |
Price | 0.0420 | |
S1 | 0.0404 | -3.81% |
S2 | 0.0385 | -8.33% |
S3 | 0.0317 | -24.52% |
FAQ
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