MYnd Analytics Inc. Stock Forecast

MYnd Analytics Inc. stock price up 0.397% on Friday
(Updated on Jun 14, 2024)

MYND Signals & Forecast

MYnd Analytics Inc. 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 MYnd Analytics 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 $2.61 and $2.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -24.70%. 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).

Support, Risk & Stop-loss for MYnd Analytics Inc. stock

MYnd Analytics Inc. finds support from accumulated volume at $2.51 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.180 between high and low, or 7.32%. For the last week, the stock has had daily average volatility of 10.71%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MYND) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect MYnd Analytics Inc. to open at $2.54, and during the day (based on 14 day Average True Range), to move between $2.19 and $2.87, which gives a possible trading interval of +/-$0.343 (+/-13.56%) up or down from last closing price. If MYnd Analytics Inc. takes out the full calculated possible swing range there will be an estimated 27.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.51 (0.79%) than the resistance at $2.58 (1.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MYnd Analytics Inc. stock A Buy?

MYnd Analytics 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.

Current score: -2.252 Sell Candidate Unchanged

Predicted Opening Price for MYnd Analytics Inc. of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.