Mc Endeavors Inc Stock Forecast
Mc Endeavors Inc stock price fell more than -27.27% Friday closing at $0.0008
(Updated on Apr 26, 2024)
The Mc Endeavors Inc stock price fell by -27.27% on the last day (Friday, 26th Apr 2024) from $0.0011 to $0.0008. During the last trading day the stock fluctuated 0% from a day low at $0.0008 to a day high of $0.0008. The price has been going up and down for this period, and there has been a 33.33% gain for the last 2 weeks. Volume has increased on the last day by 32 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 32 thousand shares were bought and sold for approximately $25.60 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.44% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0013 at the end of this 3-month period.
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MSMY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mc Endeavors Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0010 and $0.0008. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -27.27%. Further fall is indicated until a new bottom pivot has been found. Mc Endeavors 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.
A sell signal from a double top formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should fall by -57.33% to $0.0003 within 29 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Mc Endeavors Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0007 and $0.0007. 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, Mc Endeavors Inc finds support just below today's level at $0.0007. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0006.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: $0.0008 (-4.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MSMY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Mc Endeavors Inc to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0009, which gives a possible trading interval of +/-$0.00008697 (+/-10.87%) up or down from last closing price. If Mc Endeavors Inc takes out the full calculated possible swing range there will be an estimated 21.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0008 (5.00%) than the support at $0.0007 (7.50%), 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 Mc Endeavors Inc stock A Buy?
Mc Endeavors 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 Mc Endeavors Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0008 ( 0%) | $0.0008 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSMY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0008 | . | |
| R2 | 0.0008 | . | ||
| R1 | 0.0008 | . | ||
| Current price: | 0.0008 | |||
| Support | S1 | 0.0008 | . | |
| S2 | 0.0008 | . | ||
| S3 | 0.0008 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0009 | 6.25 % | ||
| R1 | 0.0008 | 5.00 % | ||
| Current price | 0.0008 | |||
| Support | S1 | 0.0007 | -7.50% | |
| S2 | 0.0007 | -12.50% | ||
| S3 | 0.0006 | -23.50% |
FAQ
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