SMX (Security Matters) Public Ltd Co Stock Forecast

Big movements in SMX (Security Matters) Public Ltd Co stock price on Tuesday moving 23.71% between high and low
(Updated on Jun 18, 2024)

SMX Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 19.00%. Further rise is indicated until a new top pivot has been found. SMX (Security Matters) Public Ltd Co 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 SMX (Security Matters) Public Ltd Co 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 $0.124 and $0.146. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SMX (Security Matters) Public Ltd Co stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.103 and $0.100. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.100 may give a huge drop in the stock price.

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 $0.0230 between high and low, or 23.71%. For the last week, the stock has had daily average volatility of 16.07%.

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

Trading Expectations (SMX) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect SMX (Security Matters) Public Limited Company to open at $0.112, and during the day (based on 14 day Average True Range), to move between $0.0937 and $0.144, which gives a possible trading interval of +/-$0.0253 (+/-21.29%) up or down from last closing price. If SMX (Security Matters) Public Limited Company takes out the full calculated possible swing range there will be an estimated 42.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.103 (13.28%) than the resistance at $0.142 (19.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SMX (Security Matters) Public Limited Company stock A Buy?

SMX (Security Matters) Public Ltd Co 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.200 Sell Candidate Upgraded

Predicted Opening Price for SMX (Security Matters) Public Limited Company of Thursday, June 20, 2024

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