Troika Media Group, Inc. Stock Forecast
High volatility in Troika Media Group, Inc. stock price on Friday which ended trading at $0.243
(Updated on Mar 31, 2023)
The Troika Media Group, Inc. stock price fell by -9.48% on the last day (Friday, 31st Mar 2023) from $0.268 to $0.243. During the last trading day the stock fluctuated 13.33% from a day low at $0.225 to a day high of $0.255. The price has fallen in 6 of the last 10 days but is still up by 6.22% over the past 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 -71 million shares and in total, 53 million shares were bought and sold for approximately $12.97 million.
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The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.195 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.77% during the next 3 months and, with a 90% probability hold a price between $0.253 and $1.07 at the end of this 3-month period.
TRKA Signals & Forecast
There are mixed signals in the stock today. The Troika Media Group, Inc. 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 $0.297. On a fall, the stock will find some support from the short-term average at $0.232. 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, March 06, 2023, and so far it has fallen -68.31%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Troika Media Group, Inc. stock
Troika Media Group, Inc. finds support from accumulated volume at $0.240 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 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 $0.0300 between high and low, or 13.33%. For the last week, the stock has had daily average volatility of 28.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRKA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Troika Media Group, Inc. to open at $0.241, and during the day (based on 14 day Average True Range), to move between $0.168 and $0.318, which gives a possible trading interval of +/-$0.0751 (+/-30.94%) up or down from last closing price. If Troika Media Group, Inc. takes out the full calculated possible swing range there will be an estimated 61.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.240 (1.11%) than the resistance at $0.250 (3.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Troika Media Group, Inc. stock A Buy?
Troika Media Group, Inc. 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: -4.438 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Troika Media Group, Inc. of Monday, April 3, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price April 3, 2023 | Current price |
|---|---|
| $0.241 | $0.243 (Overvalued) |
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Trading levels for TRKA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.271 | 11.65 % | |
| R2 | 0.259 | 6.93 % | ||
| R1 | 0.252 | 4.01 % | ||
| Current price: | 0.243 | |||
| Support | S1 | 0.229 | -5.44 % | |
| S2 | 0.222 | -8.36 % | ||
| S3 | 0.211 | -13.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.299 | 23.25 % | |
| R2 | 0.282 | 16.24 % | ||
| R1 | 0.250 | 3.05 % | ||
| Current price | 0.243 | |||
| Support | S1 | 0.240 | -1.11% | |
| S2 | 0.236 | -2.93% | ||
| S3 | 0.216 | -10.88% |
FAQ
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About Troika Media Group, Inc.
Troika Media Group, Inc. operates as a brand consulting and marketing agency specializing in the entertainment and sports media sectors worldwide. It offers media services and analytics platform, digital marketing, data analytics and reporting, media content for events and hospitality customers, sponsorship partnerships and advertising opportunities, analytics and big data; strategic media buying and planning, design and branding, market research... TRKA Profile
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