Moovly Media Inc. Stock Forecast
Stronger technical forecast for Moovly Media Inc. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Moovly Media Inc. stock price fell by -2.00% on the last day (Tuesday, 25th Jun 2024) from $0.0150 to $0.0147. During the last trading day the stock fluctuated 1.36% from a day low at $0.0147 to a day high of $0.0149. The price has been going up and down for this period, and there has been a -31.94% loss for the last 2 weeks. Volume has increased on the last day by 7 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, 7 thousand shares were bought and sold for approximately $102.90 .
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 -24.91% during the next 3 months and, with a 90% probability hold a price between $0.0057 and $0.0156 at the end of this 3-month period.
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MVVYF Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.0148 and $0.0170. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -31.94%. 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). Moovly Media Inc. 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 Moovly Media Inc. stock
Moovly Media Inc. finds support from accumulated volume at $0.0146 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0002 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 6.94%.
Moovly Media Inc. is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $0.0138 (-5.92%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 4 which reduces the risk some. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (MVVYF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Moovly Media Inc. to open at $0.0148, and during the day (based on 14 day Average True Range), to move between $0.0134 and $0.0160, which gives a possible trading interval of +/-$0.0013 (+/-9.15%) up or down from last closing price. If Moovly Media Inc. takes out the full calculated possible swing range there will be an estimated 18.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0146 (0.68%) than the resistance at $0.0150 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moovly Media Inc. stock A Buy?
Moovly Media Inc. 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 stock 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 Moovly Media Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.0148 ( 0.454%) | $0.0147 |
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 | |
---|---|---|
R3 | 0.0150 | 1.81% |
R2 | 0.0149 | 1.29% |
R1 | 0.0148 | 0.97% |
Price | 0.0147 | |
S1 | 0.0147 | -0.0662% |
S2 | 0.0146 | -0.387% |
S3 | 0.0146 | -0.91% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0183 | 24.49% |
R2 | 0.0177 | 20.41% |
R1 | 0.0150 | 2.04% |
Price | 0.0147 | |
S1 | 0.0146 | -0.680% |
S2 | 0.0135 | -8.13% |
S3 | 0.0115 | -21.97% |
FAQ
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