Moovly Media Inc. Stock Forecast
Strong day for Moovly Media Inc. stock price on Friday rising 13.45% to $0.0165
(Updated on May 24, 2024)
The Moovly Media Inc. stock price gained 13.45% on the last trading day (Friday, 24th May 2024), rising from $0.0145 to $0.0165. During the last trading day the stock fluctuated 0% from a day low at $0.0165 to a day high of $0.0165. The price has been going up and down for this period, and there has been a 2.62% gain for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 1 thousand shares were bought and sold for approximately $16.45 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0172 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -47.16% during the next 3 months and, with a 90% probability hold a price between $0.0041 and $0.0091 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.
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MVVYF 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 Moovly Media Inc. 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 $0.0169 and $0.0172. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -10.60%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Moovly Media Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0147 and $0.0146. 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, Moovly Media Inc. finds support just below today's level at $0.0147. If this is broken, then the next support from accumulated volume will be at $0.0146 and $0.0135.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "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 7.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MVVYF) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Moovly Media Inc. to open at $0.0165, and during the day (based on 14 day Average True Range), to move between $0.0146 and $0.0183, which gives a possible trading interval of +/-$0.0018 (+/-11.21%) up or down from last closing price. If Moovly Media Inc. takes out the full calculated possible swing range there will be an estimated 22.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0177 (7.60%) than the support at $0.0147 (10.64%), 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 Moovly Media Inc. stock A Buy?
Moovly Media Inc. 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: -4.203 Sell Candidate Upgraded
Predicted Opening Price for Moovly Media Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $0.0165 ( 0%) | $0.0165 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MVVYF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0165 | . | |
| R2 | 0.0165 | . | ||
| R1 | 0.0165 | . | ||
| Current price: | 0.0165 | |||
| Support | S1 | 0.0165 | . | |
| S2 | 0.0165 | . | ||
| S3 | 0.0165 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0183 | 11.25 % | |
| R2 | 0.0180 | 9.42 % | ||
| R1 | 0.0177 | 7.60 % | ||
| Current price | 0.0165 | |||
| Support | S1 | 0.0147 | -10.64% | |
| S2 | 0.0146 | -11.25% | ||
| S3 | 0.0135 | -17.90% |
FAQ
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