Quetta Acquisition Corporation Right Stock Forecast
Quetta Acquisition Corporation Right stock price ended at $1.23 on Monday, after losing 0%.
(Updated on Jun 24, 2024)
No changes to the price of Quetta Acquisition Corporation Right stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $1.23 to a day high of $1.23. The price has been going up and down for this period, and there has been a -1.6% loss for the last 2 weeks.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.22 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Quetta Acquisition Corporation Right stock with a 90% probability to be traded between $1.21 and $1.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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QETAR Signals & Forecast
The Quetta Acquisition Corporation Right stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.23 and $1.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Quetta Acquisition Corporation Right stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.10. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $1.16 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (QETAR) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Quetta Acquisition Corporation Right to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.19 and $1.27, which gives a possible trading interval of +/-$0.0357 (+/-2.90%) up or down from last closing price. If Quetta Acquisition Corporation Right takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.25 (1.63%) than the support at $1.10 (10.57%), 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 Quetta Acquisition Corporation Right stock A Buy?
Quetta Acquisition Corporation Right 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Quetta Acquisition Corporation Right of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $1.23 ( 0%) | $1.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QETAR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.23 | - |
| R2 | 1.23 | - |
| R1 | 1.23 | - |
| Price | 1.23 | |
| S1 | 1.23 | - |
| S2 | 1.23 | - |
| S3 | 1.23 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.40 | 13.82% |
| R2 | 1.26 | 2.44% |
| R1 | 1.25 | 1.63% |
| Price | 1.23 | |
| S1 | 1.10 | -10.57% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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