MOJO Organics, Inc. Stock Forecast
MOJO Organics, Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The MOJO Organics, Inc. stock price gained 0.0175% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.570 to $0.570. During the last trading day the stock fluctuated 0% from a day low at $0.570 to a day high of $0.570. The price has been going up and down for this period, and there has been a 0% change 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $1.02 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.568, a level that may pose a second chance to hit a runner. According to fan-theory $0.84 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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MOJO Signals & Forecast
The MOJO Organics, 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 $0.561 and $0.419. 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). MOJO Organics, 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, June 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for MOJO Organics, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.516 and $0.469. 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, MOJO Organics, Inc. finds support just below today's level at $0.516. If this is broken, then the next support from accumulated volume will be at $0.469 and $0.450.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: $0.549 (-3.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (MOJO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect MOJO Organics, Inc. to open at $0.570, and during the day (based on 14 day Average True Range), to move between $0.539 and $0.601, which gives a possible trading interval of +/-$0.0306 (+/-5.37%) up or down from last closing price. If MOJO Organics, Inc. takes out the full calculated possible swing range there will be an estimated 10.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.516, some $0.0539 (9.45%) from the current price of $0.570, our system finds the risk reward attractive.
Is MOJO Organics, Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.500 Buy Candidate Upgraded
Predicted Opening Price for MOJO Organics, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.570 ( 0%) | $0.570 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOJO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.570 | - |
| R2 | 0.570 | - |
| R1 | 0.570 | - |
| Price | 0.570 | |
| S1 | 0.570 | - |
| S2 | 0.570 | - |
| S3 | 0.570 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.570 | |
| S1 | 0.516 | -9.45% |
| S2 | 0.469 | -17.76% |
| S3 | 0.450 | -21.05% |
FAQ
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