Metal Sky Star Acquisition Corporation Stock Forecast
Metal Sky Star Acquisition Corporation stock price fell more than -13.79% Friday closing at $0.0125
(Updated on Jun 28, 2024)
The Metal Sky Star Acquisition Corporation stock price fell by -13.79% on the last day (Friday, 28th Jun 2024) from $0.0145 to $0.0125. During the last trading day the stock fluctuated 0% from a day low at $0.0125 to a day high of $0.0125. The price has been going up and down for this period, and there has been a -18.3% loss for the last 2 weeks. Volume has increased on the last day by 3 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, 3 thousand shares were bought and sold for approximately $42.63 .
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Metal Sky Star Acquisition Corporation stock with a 90% probability to be traded between $0.0102 and $0.0195 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MSSAW 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 Metal Sky Star Acquisition Corporation 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 $0.0136 and $0.0126. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -23.31%. Further fall is indicated until a new bottom pivot has been found. Metal Sky Star Acquisition Corporation 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 Metal Sky Star Acquisition Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0114 and $0.0101. 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, Metal Sky Star Acquisition Corporation finds support just below today's level at $0.0114. If this is broken, then the next support from accumulated volume will be at $0.0101 and $0.0100.
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 0.280%.
Our recommended stop-loss: $0.0119 (-4.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (MSSAW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Metal Sky Star Acquisition Corporation to open at $0.0125, and during the day (based on 14 day Average True Range), to move between $0.0108 and $0.0142, which gives a possible trading interval of +/-$0.0017 (+/-13.91%) up or down from last closing price. If Metal Sky Star Acquisition Corporation takes out the full calculated possible swing range there will be an estimated 27.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0114 (8.80%) than the resistance at $0.0150 (20.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Metal Sky Star Acquisition Corporation stock A Buy?
Metal Sky Star Acquisition Corporation 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 Metal Sky Star Acquisition Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0125 ( 0.00000000%) | $0.0125 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSSAW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0125 | 0.00000000% |
| R2 | 0.0125 | 0.00000000% |
| R1 | 0.0125 | 0.00000000% |
| Price | 0.0125 | |
| S1 | 0.0125 | 0.00000000% |
| S2 | 0.0125 | 0.00000000% |
| S3 | 0.0125 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0153 | 22.40% |
| R2 | 0.0151 | 20.80% |
| R1 | 0.0150 | 20.00% |
| Price | 0.0125 | |
| S1 | 0.0114 | -8.80% |
| S2 | 0.0101 | -19.20% |
| S3 | 0.0100 | -20.00% |
FAQ
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