Multisensor Ai Holdings, Inc. Stock Forecast

High volatility in Multisensor Ai Holdings, Inc. stock price on Monday which ended trading at $0.0289
(Updated on Jun 17, 2024)

MSAIW Signals & Forecast

There are few to no technical positive signals at the moment. The Multisensor Ai 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 $0.0317 and $0.0454. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -25.90%. 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). Multisensor Ai Holdings, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Multisensor Ai Holdings, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0252. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $0.0076 between high and low, or 35.68%. For the last week, the stock has had daily average volatility of 19.98%.

Our recommended stop-loss: $0.0274 (-5.10%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (MSAIW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Multisensor Ai Holdings, Inc. to open at $0.0264, and during the day (based on 14 day Average True Range), to move between $0.0132 and $0.0446, which gives a possible trading interval of +/-$0.0157 (+/-54.20%) up or down from last closing price. If Multisensor Ai Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 108.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0303 (4.84%) than the support at $0.0252 (12.80%), 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 Multisensor Ai Holdings, Inc. stock A Buy?

Multisensor Ai Holdings, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 Multisensor Ai Holdings, Inc. of Tuesday, June 18, 2024

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