Movement Industries Corp Stock Forecast
High volatility in Movement Industries Corp stock price on Friday which ended trading at $0.0178
(Updated on May 03, 2024)
The Movement Industries Corp stock price gained 6.59% on the last trading day (Friday, 3rd May 2024), rising from $0.0167 to $0.0178. During the last trading day the stock fluctuated 15.58% from a day low at $0.0154 to a day high of $0.0178. The price has risen in 6 of the last 10 days and is up by 18.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 114 thousand more shares were traded than the day before. In total, 118 thousand shares were bought and sold for approximately $2.10 thousand.
The stock 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 stock is expected to fall -33.29% during the next 3 months and, with a 90% probability hold a price between $0.0075 and $0.0137 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.
MVNT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Movement Industries Corp 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 Movement Industries Corp stock 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 $0.0183 and $0.0198. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -15.24%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Movement Industries Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0167 and $0.0150. 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, Movement Industries Corp finds support just below today's level at $0.0167. If this is broken, then the next support from accumulated volume will be at $0.0150 and $0.0140.
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 $0.0024 between high and low, or 15.58%. For the last week, the stock has had daily average volatility of 34.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MVNT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Movement Industries Corp to open at $0.0170, and during the day (based on 14 day Average True Range), to move between $0.0143 and $0.0213, which gives a possible trading interval of +/-$0.0035 (+/-19.74%) up or down from last closing price. If Movement Industries Corp takes out the full calculated possible swing range there will be an estimated 39.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0167 (6.40%) than the resistance at $0.0190 (6.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Movement Industries Corp stock A Buy?
Movement Industries Corp 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 stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.221 Sell Candidate Upgraded
Predicted Opening Price for Movement Industries Corp of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0170 ( 4.49%) | $0.0178 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MVNT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0194 | 8.99 % | |
| R2 | 0.0185 | 3.84 % | ||
| R1 | 0.0179 | 0.656 % | ||
| Current price: | 0.0178 | |||
| Support | S1 | 0.0161 | -9.64 % | |
| S2 | 0.0155 | -12.83 % | ||
| S3 | 0.0146 | -17.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0207 | 16.12 % | |
| R2 | 0.0193 | 8.43 % | ||
| R1 | 0.0190 | 6.74 % | ||
| Current price | 0.0178 | |||
| Support | S1 | 0.0167 | -6.40% | |
| S2 | 0.0150 | -15.73% | ||
| S3 | 0.0140 | -21.35% |
FAQ
Click here for our free guide on how to buy Movement Industries Corp Stock.
