Tinybeans Group Limited Stock Forecast
Tinybeans Group Limited stock price up 1.25% on Wednesday
(Updated on Jul 03, 2024)
The Tinybeans Group Limited stock price gained 1.25% on the last trading day (Wednesday, 3rd Jul 2024), rising from $0.0800 to $0.0810. During the last trading day the stock fluctuated 1.25% from a day low at $0.0800 to a day high of $0.0810. The price has been going up and down for this period, and there has been a 3.85% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 242 thousand more shares were traded than the day before. In total, 366 thousand shares were bought and sold for approximately $29.61 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.27% during the next 3 months and, with a 90% probability hold a price between $0.0304 and $0.0809 at the end of this 3-month period. 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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TNY.AX Signals & Forecast
Mostly positive signals in the chart today. The Tinybeans Group Limited 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 $0.0757 and $0.0676. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 47.27%. 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). Tinybeans Group Limited 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tinybeans Group Limited stock
Tinybeans Group Limited finds support from accumulated volume at $0.0780 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0010 between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 5.59%.
Our recommended stop-loss: $0.0780 (-3.66%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (TNY.AX) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Tinybeans Group Limited to open at $0.0807, and during the day (based on 14 day Average True Range), to move between $0.0758 and $0.0862, which gives a possible trading interval of +/-$0.0052 (+/-6.46%) up or down from last closing price. If Tinybeans Group Limited takes out the full calculated possible swing range there will be an estimated 12.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0780 (3.70%) than the resistance at $0.100 (23.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tinybeans Group Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.501 Buy Candidate Unchanged
Predicted Opening Price for Tinybeans Group Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| $0.0807 ( 0.412%) | $0.0810 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TNY.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0817 | 0.82% |
| R2 | 0.0813 | 0.351% |
| R1 | 0.0810 | 0.0601% |
| Price | 0.0810 | |
| S1 | 0.0803 | -0.88% |
| S2 | 0.0800 | -1.17% |
| S3 | 0.0797 | -1.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.100 | 23.46% |
| Price | 0.0810 | |
| S1 | 0.0780 | -3.70% |
| S2 | 0.0750 | -7.41% |
| S3 | 0.0660 | -18.52% |
FAQ
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