Mirage Energy Corporation 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:
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
Mirage Energy Corporation stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of Mirage Energy Corporation stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0085 to a day high of $0.0085. The price has fallen in 5 of the last 10 days and is down by -43.33% for this period.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.0086. A reaction back to this level may hold a second chance to get out before further falls.
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MRGE Signals & Forecast
There are mixed signals in the stock today. The Mirage Energy Corporation 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 $0.0106 and $0.0145. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Mirage Energy Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0080 and $0.0075. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0075 may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 31.30%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MRGE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Mirage Energy Corporation to open at $0.0085, and during the day (based on 14 day Average True Range), to move between $0.0050 and $0.0120, which gives a possible trading interval of +/-$0.0035 (+/-41.02%) up or down from last closing price. If Mirage Energy Corporation takes out the full calculated possible swing range there will be an estimated 82.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0090 (5.88%) than the support at $0.0080 (5.88%), 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 Mirage Energy Corporation stock A Buy?
Mirage Energy Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.843 Sell Candidate Unchanged
Predicted Opening Price for Mirage Energy Corporation of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0085 ( 0%) | $0.0085 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRGE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0085 | . | |
| R2 | 0.0085 | . | ||
| R1 | 0.0085 | . | ||
| Current price: | 0.0085 | |||
| Support | S1 | 0.0085 | . | |
| S2 | 0.0085 | . | ||
| S3 | 0.0085 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0099 | 16.47 % | |
| R2 | 0.0097 | 13.53 % | ||
| R1 | 0.0090 | 5.88 % | ||
| Current price | 0.0085 | |||
| Support | S1 | 0.0080 | -5.88% | |
| S2 | 0.0075 | -11.76% | ||
| S3 | 0 | . |
FAQ
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