MOJO Organics, Inc. Stock Forecast

High volatility in MOJO Organics, Inc. stock price on Friday which ended trading at $0.650
(Updated on Jun 28, 2024)

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 $0.599 and $0.440. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 112.77%. 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). 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.

Support, Risk & Stop-loss for MOJO Organics, Inc. stock

MOJO Organics, Inc. finds support from accumulated volume at $0.630 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.150 between high and low, or 27.27%. For the last week, the stock has had daily average volatility of 8.79%.

Our recommended stop-loss: $0.627 (-3.52%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 74 days ago.)

Trading Expectations (MOJO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MOJO Organics, Inc. to open at $0.633, and during the day (based on 14 day Average True Range), to move between $0.607 and $0.693, which gives a possible trading interval of +/-$0.0430 (+/-6.62%) up or down from last closing price. If MOJO Organics, Inc. takes out the full calculated possible swing range there will be an estimated 13.24% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.630, some $0.0200 (3.08%) from the current price of $0.650, our system finds the risk reward attractive.

Is MOJO Organics, Inc. stock A Buy?

MOJO Organics, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

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 MOJO Organics, Inc. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.