Motus GI Holdings Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=4acb9e3f64711d632b0cd32bad1a43b5bed911ae)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
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)
The Motus GI Holdings Inc. stock price fell by -15.20% on the last day (Tuesday, 2nd Jul 2024) from $0.0500 to $0.0424. During the last trading day the stock fluctuated 0% from a day low at $0.0424 to a day high of $0.0424. The price has fallen in 6 of the last 10 days but is still up by 20.8% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 9 thousand shares were bought and sold for approximately $402.12 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. 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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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
Fair opening price July 3, 2024 | Current price |
---|---|
$0.0424 ( 0%) | $0.0424 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOTS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0424 | - |
R2 | 0.0424 | - |
R1 | 0.0424 | - |
Price | 0.0424 | |
S1 | 0.0424 | - |
S2 | 0.0424 | - |
S3 | 0.0424 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0.0500 | 17.92% |
R1 | 0.0460 | 8.49% |
Price | 0.0424 | |
S1 | 0.0372 | -12.26% |
S2 | 0.0352 | -16.98% |
S3 | 0.0351 | -17.22% |
FAQ
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