Mc Endeavors Inc Stock Forecast
On Thursday, Mc Endeavors Inc stock price gained an impressive 9.09%
(Updated on May 02, 2024)
The Mc Endeavors Inc stock price gained 9.09% on the last trading day (Thursday, 2nd May 2024), rising from $0.0011 to $0.0012. During the last trading day the stock fluctuated 8.33% from a day low at $0.0012 to a day high of $0.0013. The price has been going up and down for this period, and there has been a 71.43% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $4.21 thousand.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.0012, a level that may pose a second chance to hit a runner. According to fan-theory $0.0017 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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MSMY Signals & Forecast
Mostly positive signals in the chart today. The Mc Endeavors Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0010 and $0.0008. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 50.00%. 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). Mc Endeavors Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
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 $0.0011 and $0.0010. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0010 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 $0.0001 between high and low, or 8.33%. For the last week, the stock has had daily average volatility of 7.67%.
Our recommended stop-loss: $0.0012 (-3.50%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (MSMY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Mc Endeavors Inc to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0013, which gives a possible trading interval of +/-$0.0001 (+/-9.17%) up or down from last closing price. If Mc Endeavors Inc takes out the full calculated possible swing range there will be an estimated 18.34% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0011, some $0.0001 (8.33%) from the current price of $0.0012, our system finds the risk reward attractive.
Is Mc Endeavors Inc stock A Buy?
Mc Endeavors Inc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.813 Strong Buy Candidate Upgraded
Predicted Opening Price for Mc Endeavors Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.0012 ( 2.78%) | $0.0012 |
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 | 0.0013 | 11.11 % | |
| R2 | 0.0013 | 7.93 % | ||
| R1 | 0.0013 | 5.96 % | ||
| Current price: | 0.0012 | |||
| Support | S1 | 0.0012 | -0.406 % | |
| S2 | 0.0012 | -2.37 % | ||
| S3 | 0.0011 | -5.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0012 | |||
| Support | S1 | 0.0011 | -8.33% | |
| S2 | 0.0010 | -16.67% | ||
| S3 | 0 | . |
FAQ
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