Transportation and Logistics Systems, Stock Forecast
Big movements in Transportation and Logistics Systems, stock price on Thursday moving 100.00% between high and low
(Updated on May 02, 2024)
The Transportation and Logistics Systems, stock price fell by -25.00% on the last day (Thursday, 2nd May 2024) from $0.0002 to $0.0002. During the last trading day the stock fluctuated 100.00% from a day low at $0.0001 to a day high of $0.0002. The price has been going up and down for this period, and there has been a 50% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 23 million shares were bought and sold for approximately $3.39 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0002 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TLSS Signals & Forecast
The Transportation and Logistics Systems, 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 $0.0001 and $0.0001. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A buy signal from a double bottom formation was found on Thursday, March 07, 2024 and based on theory for this formation the price should go up by 85.19% to $0.0003 within 9 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Transportation and Logistics Systems, stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0001 between high and low, or 100.00%. For the last week the stock has had daily average volatility of 100.00%.
Our recommended stop-loss: $0.0001 (-5.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TLSS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Transportation and Logistics Systems, Inc. to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.00005030 and $0.0002, which gives a possible trading interval of +/-$0.00009970 (+/-66.47%) up or down from last closing price. If Transportation and Logistics Systems, Inc. takes out the full calculated possible swing range there will be an estimated 132.94% move between the lowest and the highest trading price during the day.
Is Transportation and Logistics Systems, Inc. stock A Buy?
Transportation and Logistics Systems, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.301 Hold/Accumulate Downgraded
Predicted Opening Price for Transportation and Logistics Systems, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.0002 ( 0%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLSS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 66.67 % | |
| R2 | 0.0002 | 41.20 % | ||
| R1 | 0.0002 | 25.47 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0001 | -25.47 % | |
| S2 | 0.0000882 | -41.20 % | ||
| S3 | 0.00005 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0002 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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