Moneyhero Limited Warrants Stock Forecast
Big movements in Moneyhero Limited Warrants stock price on Friday moving 11.89% between high and low
(Updated on Jun 28, 2024)
The Moneyhero Limited Warrants stock price gained 9.93% on the last trading day (Friday, 28th Jun 2024), rising from $0.0715 to $0.0786. During the last trading day the stock fluctuated 11.89% from a day low at $0.0715 to a day high of $0.0800. The price has risen in 4 of the last 10 days and is up by 21.3% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 5 thousand shares were bought and sold for approximately $391.59 . 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.27% during the next 3 months and, with a 90% probability hold a price between $0.0400 and $0.0786 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MNYWW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 9.93%. Further rise is indicated until a new top pivot has been found. 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 Moneyhero Limited Warrants 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 $0.0894 and $0.0848. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 16.54% to $0.0916 within 7 trading days since signal was issued (Friday, June 21, 2024).
Support, Risk & Stop-loss for Moneyhero Limited Warrants stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0741 and $0.0700. 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, Moneyhero Limited Warrants finds support just below today's level at $0.0741. If this is broken, then the next support from accumulated volume will be at $0.0700 and $0.0648.
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 $0.0085 between high and low, or 11.89%. For the last week the stock has had daily average volatility of 10.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MNYWW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Moneyhero Limited Warrants to open at $0.0767, and during the day (based on 14 day Average True Range), to move between $0.0623 and $0.0949, which gives a possible trading interval of +/-$0.0163 (+/-20.79%) up or down from last closing price. If Moneyhero Limited Warrants takes out the full calculated possible swing range there will be an estimated 41.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0800 (1.78%) than the support at $0.0741 (5.73%), 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 Moneyhero Limited Warrants stock A Buy?
Moneyhero Limited Warrants holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -3.426 Sell Candidate Upgraded
Predicted Opening Price for Moneyhero Limited Warrants of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0767 ( 2.42%) | $0.0786 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNYWW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0852 | 8.40% |
| R2 | 0.0820 | 4.27% |
| R1 | 0.0799 | 1.71% |
| Price | 0.0786 | |
| S1 | 0.0735 | -6.55% |
| S2 | 0.0714 | -9.10% |
| S3 | 0.0682 | -13.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0900 | 14.50% |
| R2 | 0.0810 | 3.05% |
| R1 | 0.0800 | 1.78% |
| Price | 0.0786 | |
| S1 | 0.0741 | -5.73% |
| S2 | 0.0700 | -10.94% |
| S3 | 0.0648 | -17.56% |
FAQ
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