1933 Industries Inc. Stock Forecast
Red day on Tuesday for 1933 Industries Inc.
(Updated on Jun 18, 2024)
No changes to the price of 1933 Industries Inc. stock on the last trading day (Tuesday, 18th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0078 to a day high of $0.0078. The price has been going up and down for this period, and there has been a -3.7% loss for the last 2 weeks.
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 $0.0072 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.79% during the next 3 months and, with a 90% probability hold a price between $0.0054 and $0.0096 at the end of this 3-month period.
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TGIFF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 5.41%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 1933 Industries Inc. 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 $0.0084 and $0.0107. 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). 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 1933 Industries Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0074. 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.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 7.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TGIFF) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect 1933 Industries Inc. to open at $0.0078, and during the day (based on 14 day Average True Range), to move between $0.0058 and $0.0098, which gives a possible trading interval of +/-$0.0020 (+/-25.92%) up or down from last closing price. If 1933 Industries Inc. takes out the full calculated possible swing range there will be an estimated 51.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0080 (2.56%) than the support at $0.0074 (5.13%), 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 1933 Industries Inc. stock A Buy?
1933 Industries Inc. 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.
Current score: -5.643 Strong Sell Candidate Unchanged
Predicted Opening Price for 1933 Industries Inc. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $0.0078 ( 0.00000000%) | $0.0078 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGIFF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0078 | 0.00000000% |
| R2 | 0.0078 | 0.00000000% |
| R1 | 0.0078 | 0.00000000% |
| Price | 0.0078 | |
| S1 | 0.0078 | 0.00000000% |
| S2 | 0.0078 | 0.00000000% |
| S3 | 0.0078 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0091 | 16.67% |
| R2 | 0.0081 | 3.85% |
| R1 | 0.0080 | 2.56% |
| Price | 0.0078 | |
| S1 | 0.0074 | -5.13% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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