Mobilicom Limited Stock Forecast
Mobilicom Limited stock price ended at $0.130 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Mobilicom Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.130 to a day high of $0.130. The price has been going up and down for this period, and there has been a 49.94% gain for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.138 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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MOBBW 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 Mobilicom Limited 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 $0.132 and $0.141. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Mobilicom Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.116 and $0.101. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.101 may give a huge drop in the stock price.
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 20.12%
Our recommended stop-loss: $0.125 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (MOBBW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mobilicom Limited to open at $0.130, and during the day (based on 14 day Average True Range), to move between $0.109 and $0.151, which gives a possible trading interval of +/-$0.0214 (+/-16.43%) up or down from last closing price. If Mobilicom Limited takes out the full calculated possible swing range there will be an estimated 32.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.116 (10.85%) than the resistance at $0.159 (22.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mobilicom Limited stock A Buy?
Mobilicom Limited 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.
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 Mobilicom Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.130 ( 0%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOBBW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.130 | - |
R2 | 0.130 | - |
R1 | 0.130 | - |
Price | 0.130 | |
S1 | 0.130 | - |
S2 | 0.130 | - |
S3 | 0.130 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.159 | 22.15% |
Price | 0.130 | |
S1 | 0.116 | -10.85% |
S2 | 0.101 | -22.31% |
S3 | 0 | - |
FAQ
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