GlobeX Data Ltd. Stock Forecast

Big movements in GlobeX Data Ltd. stock price on Friday moving 19.21% between high and low
(Updated on May 24, 2024)

SWISF Signals & Forecast

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. The GlobeX Data Ltd. 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 $0.0551. On a fall, the stock will find some support from the short-term average at $0.0506. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.86%. 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 GlobeX Data Ltd. stock

GlobeX Data Ltd. finds support from accumulated volume at $0.0500 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 $0.0083 between high and low, or 19.21%. For the last week the stock has had daily average volatility of 15.66%.

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

Trading Expectations (SWISF) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect GlobeX Data Ltd. to open at $0.0486, and during the day (based on 14 day Average True Range), to move between $0.0439 and $0.0581, which gives a possible trading interval of +/-$0.0071 (+/-13.87%) up or down from last closing price. If GlobeX Data Ltd. takes out the full calculated possible swing range there will be an estimated 27.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0518 (1.57%) than the support at $0.0500 (1.96%), 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 GlobeX Data Ltd. stock A Buy?

GlobeX Data Ltd. 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: -1.611 Sell Candidate Unchanged

Predicted Opening Price for GlobeX Data Ltd. of Tuesday, May 28, 2024

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