Momentus Inc. Stock Forecast
High volatility in Momentus Inc. stock price on Tuesday which ended trading at $0.0079
(Updated on Jun 25, 2024)
The Momentus Inc. stock price gained 1.28% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0078 to $0.0079. During the last trading day the stock fluctuated 48.10% from a day low at $0.0079 to a day high of $0.0117. The price has fallen in 5 of the last 10 days and is down by -20.2% for this period. Volume fell on the last day by -41 thousand shares and in total, 11 thousand shares were bought and sold for approximately $83.37 . 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 part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0062 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 8.85% during the next 3 months and, with a 90% probability hold a price between $0.0068 and $0.0178 at the end of this 3-month period.
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MNTSW Signals & Forecast
There are few to no technical positive signals at the moment. The Momentus Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0091 and $0.0089. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -50.63%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Momentus Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0074 and $0.0070. 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, Momentus Inc. finds support just below today's level at $0.0074. If this is broken, then the next support from accumulated volume will be at $0.0070 and $0.0065.
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 $0.0038 between high and low, or 48.10%. For the last week the stock has had daily average volatility of 29.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MNTSW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Momentus Inc. to open at $0.0092, and during the day (based on 14 day Average True Range), to move between $0.0045 and $0.0113, which gives a possible trading interval of +/-$0.0034 (+/-42.86%) up or down from last closing price. If Momentus Inc. takes out the full calculated possible swing range there will be an estimated 85.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0080 (1.27%) than the support at $0.0074 (6.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Momentus Inc. stock A Buy?
The Momentus Inc. stock holds several negative signals and despite the positive trend, we believe Momentus Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.427 Sell Candidate Downgraded
Predicted Opening Price for Momentus Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0092 ( 16.03%) | $0.0079 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNTSW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0130 | 64.14% |
| R2 | 0.0115 | 45.76% |
| R1 | 0.0106 | 34.41% |
| Price | 0.0079 | |
| S1 | 0.0077 | -2.34% |
| S2 | 0.0068 | -13.69% |
| S3 | 0.0054 | -32.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0092 | 16.46% |
| R2 | 0.0087 | 10.13% |
| R1 | 0.0080 | 1.27% |
| Price | 0.0079 | |
| S1 | 0.0074 | -6.33% |
| S2 | 0.0070 | -11.39% |
| S3 | 0.0065 | -17.72% |
FAQ
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