ShiftPixy Inc Stock Forecast
Volatile ride for ShiftPixy Inc stock price on Friday moving between $1.75 and $2.05
(Updated on May 03, 2024)
The ShiftPixy Inc stock price gained 8.52% on the last trading day (Friday, 3rd May 2024), rising from $1.76 to $1.91. During the last trading day the stock fluctuated 17.14% from a day low at $1.75 to a day high of $2.05. The price has fallen in 7 of the last 10 days but is still up by 11.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 68 thousand more shares were traded than the day before. In total, 142 thousand shares were bought and sold for approximately $270.79 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -38.57% during the next 3 months and, with a 90% probability hold a price between $0.733 and $3.13 at the end of this 3-month period.
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PIXY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ShiftPixy 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ShiftPixy Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.61. On a fall, the stock will find some support from the short-term average at $1.85. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for ShiftPixy Inc stock
ShiftPixy Inc finds support from accumulated volume at $1.90 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 $0.300 between high and low, or 17.14%. For the last week, the stock has had daily average volatility of 7.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PIXY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ShiftPixy Inc to open at $1.90, and during the day (based on 14 day Average True Range), to move between $1.59 and $2.23, which gives a possible trading interval of +/-$0.318 (+/-16.67%) up or down from last closing price. If ShiftPixy Inc takes out the full calculated possible swing range there will be an estimated 33.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.90 (0.52%) than the resistance at $2.08 (8.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ShiftPixy Inc stock A Buy?
ShiftPixy Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.211 Sell Candidate Unchanged
Predicted Opening Price for ShiftPixy Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$1.90 ( 0.349%) | $1.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PIXY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.20 | 15.36 % | |
R2 | 2.09 | 9.36 % | ||
R1 | 2.02 | 5.65 % | ||
Current price: | 1.91 | |||
Support | S1 | 1.79 | -6.35 % | |
S2 | 1.72 | -10.06 % | ||
S3 | 1.60 | -16.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.20 | 15.18 % | |
R2 | 2.17 | 13.61 % | ||
R1 | 2.08 | 8.90 % | ||
Current price | 1.91 | |||
Support | S1 | 1.90 | -0.524% | |
S2 | 1.88 | -1.57% | ||
S3 | 1.71 | -10.47% |
FAQ
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