Everest Consolidator Acquisition Corp Wt Stock Forecast

Big movements in Everest Consolidator Acquisition Corp Wt stock price on Friday moving 28.75% between high and low
(Updated on Jun 28, 2024)

MNTN-WT Signals & Forecast

The Everest Consolidator Acquisition Corp Wt stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.151 and $0.161. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 54.84%. 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. 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 Everest Consolidator Acquisition Corp Wt stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.180 and $0.165. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Everest Consolidator Acquisition Corp Wt finds support just below today's level at $0.180. If this is broken, then the next support from accumulated volume will be at $0.165 and $0.165.

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 $0.0454 between high and low, or 28.75%. For the last week the stock has had daily average volatility of 25.79%

Our recommended stop-loss: $0.197 (-3.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (MNTN-WT) For The Upcoming Trading Day Of Monday 1st

With no resistance above and support from accumulated volume @ $0.180, some $0.0233 (11.46%) from the current price of $0.203, our system finds the risk reward attractive.

Is Everest Consolidator Acquisition Corporation Wt stock A Buy?

Everest Consolidator Acquisition Corp Wt holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Everest Consolidator Acquisition Corporation Wt of Monday, July 1, 2024

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