Mobiquity Technologies, Inc. Stock Forecast
Big movements in Mobiquity Technologies, Inc. stock price on Friday moving 11.36% between high and low
(Updated on May 10, 2024)
The Mobiquity Technologies, Inc. stock price gained 6.26% on the last trading day (Friday, 10th May 2024), rising from $0.89 to $0.95. During the last trading day the stock fluctuated 11.36% from a day low at $0.88 to a day high of $0.98. The price has been going up and down for this period, and there has been a 15.24% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $23.72 thousand.
The stock lies in the middle of a very wide and strong 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 35.57% during the next 3 months and, with a 90% probability hold a price between $1.00 and $1.89 at the end of this 3-month period.
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MOBQ Signals & Forecast
The Mobiquity Technologies, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.91 and $0.86. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Mobiquity Technologies, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -18.53%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Mobiquity Technologies, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.84 and $0.80. 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, Mobiquity Technologies, Inc. finds support just below today's level at $0.84. If this is broken, then the next support from accumulated volume will be at $0.80 and $0.740.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.1000 between high and low, or 11.36%. For the last week, the stock has had daily average volatility of 28.79%.
Our recommended stop-loss: $0.89 (-5.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (MOBQ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Mobiquity Technologies, Inc. to open at $0.94, and during the day (based on 14 day Average True Range), to move between $0.768 and $1.12, which gives a possible trading interval of +/-$0.177 (+/-18.73%) up or down from last closing price. If Mobiquity Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 37.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.00 (5.82%) than the support at $0.84 (11.19%), 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.
Earnings coming up
Mobiquity Technologies, Inc. will release earnings -- on Tuesday, May 14, 2024. We will update the financials statements for Mobiquity Technologies, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.87% in the first trading day after earnings release.
Is Mobiquity Technologies, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mobiquity Technologies, Inc. stock to perform well in the short-term.
Current score: 2.491 Buy Candidate Unchanged
Predicted Opening Price for Mobiquity Technologies, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.94 ( 1.06%) | $0.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOBQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 9.52 % | |
| R2 | 1.00 | 5.48 % | ||
| R1 | 0.97 | 2.98 % | ||
| Current price: | 0.95 | |||
| Support | S1 | 0.90 | -5.10 % | |
| S2 | 0.87 | -7.60 % | ||
| S3 | 0.84 | -11.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.16 | 22.75 % | |
| R2 | 1.09 | 15.34 % | ||
| R1 | 1.00 | 5.82 % | ||
| Current price | 0.95 | |||
| Support | S1 | 0.84 | -11.19% | |
| S2 | 0.80 | -15.34% | ||
| S3 | 0.740 | -21.69% |
FAQ
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