Motus GI Holdings Inc. Stock Forecast

A very red day for Motus GI Holdings Inc. stock price after a -15.20% fall in the Tuesday trading session
(Updated on Jul 02, 2024)

MOTS Signals & Forecast

There are few to no technical positive signals at the moment. The Motus GI Holdings Inc. 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 $0.0549 and $0.0863. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -56.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Motus GI Holdings Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0372 and $0.0352. 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, Motus GI Holdings Inc. finds support just below today's level at $0.0372. If this is broken, then the next support from accumulated volume will be at $0.0352 and $0.0351.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 42.88%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MOTS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Motus GI Holdings Inc. to open at $0.0424, and during the day (based on 14 day Average True Range), to move between $0.0206 and $0.0642, which gives a possible trading interval of +/-$0.0218 (+/-51.52%) up or down from last closing price. If Motus GI Holdings Inc. takes out the full calculated possible swing range there will be an estimated 103.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0460 (8.49%) than the support at $0.0372 (12.26%), 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 Motus GI Holdings Inc. stock A Buy?

Motus GI Holdings Inc. 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.

Current score: -5.317 Strong Sell Candidate Unchanged

Predicted Opening Price for Motus GI Holdings Inc. of Wednesday, July 3, 2024

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