Ozop Energy Stock Forecast
Volatile ride for Ozop Energy stock price on Friday moving between $0.0010 and $0.0012
(Updated on May 03, 2024)
The Ozop Energy stock price fell by -4.17% on the last day (Friday, 3rd May 2024) from $0.0012 to $0.0012. During the last trading day the stock fluctuated 26.32% from a day low at $0.0010 to a day high of $0.0012. The price has been going up and down for this period, and there has been a 43.75% gain for the last 2 weeks. 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 -2 million shares and in total, 59 million shares were bought and sold for approximately $67.82 thousand.
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 $0.0012 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 -31.81% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0008 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.
OZSC Signals & Forecast
The Ozop Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0009 and $0.0010. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -4.17%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ozop Energy stock
Ozop Energy finds support from accumulated volume at $0.0011 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0003 between high and low, or 26.32%. For the last week the stock has had daily average volatility of 22.76%.
Our recommended stop-loss: $0.0011 (-5.34%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (OZSC) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ozop Energy Solutions, Inc. to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0010 and $0.0013, which gives a possible trading interval of +/-$0.0002 (+/-15.44%) up or down from last closing price. If Ozop Energy Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 30.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0012 (4.35%) than the support at $0.0011 (4.35%), 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 Ozop Energy Solutions, Inc. stock A Buy?
Ozop Energy holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: -0.006 Hold/Accumulate Downgraded
Predicted Opening Price for Ozop Energy Solutions, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0011 ( 4.35%) | $0.0012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OZSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0014 | 17.39 % | |
| R2 | 0.0013 | 9.09 % | ||
| R1 | 0.0012 | 3.96 % | ||
| Current price: | 0.0012 | |||
| Support | S1 | 0.0010 | -12.65 % | |
| S2 | 0.0009 | -17.78 % | ||
| S3 | 0.0009 | -26.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0014 | 17.39 % | |
| R2 | 0.0013 | 13.04 % | ||
| R1 | 0.0012 | 4.35 % | ||
| Current price | 0.0012 | |||
| Support | S1 | 0.0011 | -4.35% | |
| S2 | 0.0010 | -13.04% | ||
| S3 | 0.0009 | -21.74% |
FAQ
Click here for our free guide on how to buy Ozop Energy Stock.
