Maris-tech Ltd. Warrants ETF Forecast
Is Maris-tech Ltd. Warrants ETF still a buy after falling -16.57% on Tuesday?
(Updated on Jul 02, 2024)
The Maris-tech Ltd. Warrants ETF price fell by -16.57% on the last day (Tuesday, 2nd Jul 2024) from $0.0990 to $0.0826. During the last trading day the ETF fluctuated 7.27% from a day low at $0.0770 to a day high of $0.0826. The price has fallen in 4 of the last 10 days and is down by -24.91% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -24 thousand shares and in total, 1 thousand shares were bought and sold for approximately $122.91 .
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 -24.38% during the next 3 months and, with a 90% probability hold a price between $0.0263 and $0.0760 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
There are few to no technical positive signals at the moment. 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 $0.0832 and $0.0895. 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 -25.59%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Maris-tech Ltd. Warrants ETF
Maris-tech Ltd. Warrants finds support from accumulated volume at $0.0800 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF may move very much during the day (volatility) and with periodic low trading volume this ETF is considered to be "very high risk". During the last day, the ETF moved $0.0056 between high and low, or 7.27%. For the last week the ETF has had daily average volatility of 14.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MTEKW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Maris-tech Ltd. Warrants to open at $0.0807, and during the day (based on 14 day Average True Range), to move between $0.0666 and $0.0986, which gives a possible trading interval of +/-$0.0160 (+/-19.36%) 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 38.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0800 (3.15%) than the resistance at $0.0855 (3.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Maris-tech Ltd. Warrants ETF A Buy?
Maris-tech Ltd. Warrants holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -3.892 Sell Candidate Downgraded
Predicted Opening Price for Maris-tech Ltd. Warrants of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$0.0807 ( 2.26%) | $0.0826 |
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 | 0.0863 | 4.52% |
R2 | 0.0842 | 1.93% |
R1 | 0.0829 | 0.330% |
Price | 0.0826 | |
S1 | 0.0786 | -4.85% |
S2 | 0.0773 | -6.45% |
S3 | 0.0751 | -9.04% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.100 | 21.07% |
R2 | 0.0990 | 19.85% |
R1 | 0.0855 | 3.51% |
Price | 0.0826 | |
S1 | 0.0800 | -3.15% |
S2 | 0.0770 | -6.78% |
S3 | 0.0750 | -9.20% |
FAQ
Click here for our free guide on how to buy Maris-tech Ltd. Warrants ETF.