Maris-tech Ltd. Warrants ETF Forecast
Volatile ride for Maris-tech Ltd. Warrants ETF price on Tuesday moving between $0.0495 and $0.0900
(Updated on Jun 25, 2024)
The Maris-tech Ltd. Warrants ETF price gained 6.88% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0800 to $0.0855. During the last trading day the ETF fluctuated 81.82% from a day low at $0.0495 to a day high of $0.0900. The price has been going up and down for this period, and there has been a 11.04% 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, 46 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $3.95 thousand.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -33.11% during the next 3 months and, with a 90% probability hold a price between $0.0192 and $0.0676 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MTEKW Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Maris-tech Ltd. Warrants 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Maris-tech Ltd. Warrants ETF 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 $0.0950 and $0.0990. 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 13, 2024, and so far it has fallen -22.97%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Maris-tech Ltd. Warrants ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $0.0800 and $0.0770. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0770 may give a huge drop in the ETF price.
This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $0.0405 between high and low, or 81.82%. For the last week, the ETF has had daily average volatility of 36.48%.
Our recommended stop-loss: $0.0805 (-5.88%) (This ETF has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (MTEKW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Maris-tech Ltd. Warrants to open at $0.0750, and during the day (based on 14 day Average True Range), to move between $0.0688 and $0.102, which gives a possible trading interval of +/-$0.0167 (+/-19.49%) up or down from last closing price. If Maris-tech Ltd. Warrants takes out the full calculated possible swing range there will be an estimated 38.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0900 (5.26%) than the support at $0.0800 (6.43%), 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 Maris-tech Ltd. Warrants ETF A Buy?
Maris-tech Ltd. Warrants 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Maris-tech Ltd. Warrants of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0750 ( 12.28%) | $0.0855 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTEKW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.116 | 35.09% |
| R2 | 0.100 | 16.99% |
| R1 | 0.0905 | 5.81% |
| Price | 0.0855 | |
| S1 | 0.0595 | -30.38% |
| S2 | 0.0500 | -41.55% |
| S3 | 0.0345 | -59.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.100 | 16.96% |
| R2 | 0.0999 | 16.84% |
| R1 | 0.0900 | 5.26% |
| Price | 0.0855 | |
| S1 | 0.0800 | -6.43% |
| S2 | 0.0770 | -9.94% |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Maris-tech Ltd. Warrants ETF.
