SmartMOZY Stock Forecast
Red day on Monday for SmartMOZY stock after losing 0.92%
(Updated on Jun 17, 2024)
The SmartMOZY stock price fell by -0.92% on the last day (Monday, 17th Jun 2024) from $9.76 to $9.67. During the last trading day the stock fluctuated 0.332% from a day low at $9.64 to a day high of $9.68. The price has fallen in 5 of the last 10 days and is down by -2.28% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -37 thousand shares and in total, 27 thousand shares were bought and sold for approximately $262.36 thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $9.68 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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MZY.NZ Signals & Forecast
There are few to no technical positive signals at the moment. The SmartMOZY 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 $9.82 and $10.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -5.60%. 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 stock may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should fall by -1.96% to $9.48 within 34 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for SmartMOZY stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0320 between high and low, or 0.332%. For the last week the stock has had daily average volatility of 0.671%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MZY.NZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect SmartMOZY to open at $9.66, and during the day (based on 14 day Average True Range), to move between $9.56 and $9.77, which gives a possible trading interval of +/-$0.102 (+/-1.06%) up or down from last closing price. If SmartMOZY takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $9.76, some $0.0900 (0.93%) from the current price of $9.67, our system finds the risk reward not very attractive.
Is SmartMOZY stock A Buy?
SmartMOZY holds several negative signals and is within a 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: -3.879 Sell Candidate Unchanged
Predicted Opening Price for SmartMOZY of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $9.66 ( 0.0483%) | $9.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MZY.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.69 | 0.283% |
| R2 | 9.68 | 0.156% |
| R1 | 9.67 | 0.0782% |
| Price | 9.67 | |
| S1 | 9.65 | -0.175% |
| S2 | 9.64 | -0.253% |
| S3 | 9.63 | -0.379% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.24 | 5.93% |
| R2 | 10.12 | 4.66% |
| R1 | 9.76 | 0.93% |
| Price | 9.67 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
MZY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 20, 2024 | $0.0862 | 0.89% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.123 | 1.39% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | $0.0372 | 0.396% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | $0.0952 | 1.01% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | $0.0440 | 0.471% |
FAQ
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