Moolec Science Sa Stock Forecast
High volatility in Moolec Science Sa stock price on Wednesday which ended trading at $0.0536
(Updated on Jun 26, 2024)
The Moolec Science Sa stock price gained 3.08% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.0520 to $0.0536. During the last trading day the stock fluctuated 32.71% from a day low at $0.0532 to a day high of $0.0706. The price has risen in 4 of the last 10 days and is up by 7.2% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 6 thousand shares were bought and sold for approximately $317.47 . 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 middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.58% during the next 3 months and, with a 90% probability hold a price between $0.0394 and $0.101 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MLECW Signals & Forecast
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 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 $0.0543 and $0.0602. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -38.74%. 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.
Support, Risk & Stop-loss for Moolec Science Sa stock
Moolec Science Sa finds support from accumulated volume at $0.0527 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0174 between high and low, or 32.71%. For the last week the stock has had daily average volatility of 24.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MLECW) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Moolec Science Sa to open at $0.0591, and during the day (based on 14 day Average True Range), to move between $0.0396 and $0.0676, which gives a possible trading interval of +/-$0.0140 (+/-26.10%) up or down from last closing price. If Moolec Science Sa takes out the full calculated possible swing range there will be an estimated 52.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0527 (1.68%) than the resistance at $0.0550 (2.61%), 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?
The Moolec Science Sa stock holds several negative signals and despite the positive trend, we believe Moolec Science Sa will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.032 Sell Candidate Upgraded
Predicted Opening Price for Moolec Science Sa of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.0591 ( 10.32%) | $0.0536 |
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 | 0.0765 | 42.79% |
| R2 | 0.0699 | 30.39% |
| R1 | 0.0658 | 22.72% |
| Price | 0.0536 | |
| S1 | 0.0525 | -2.08% |
| S2 | 0.0484 | -9.74% |
| S3 | 0.0417 | -22.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0650 | 21.27% |
| R2 | 0.0567 | 5.78% |
| R1 | 0.0550 | 2.61% |
| Price | 0.0536 | |
| S1 | 0.0527 | -1.68% |
| S2 | 0.0509 | -5.04% |
| S3 | 0.0500 | -6.72% |
FAQ
Click here for our free guide on how to buy Moolec Science Sa Stock.
