Interactive Strength Inc. Stock Forecast
Volatile ride for Interactive Strength Inc. stock price on Friday moving between $2.61 and $3.19
(Updated on Jun 21, 2024)
The Interactive Strength Inc. stock price gained 2.67% on the last trading day (Friday, 21st Jun 2024), rising from $3.00 to $3.08. During the last trading day the stock fluctuated 22.22% from a day low at $2.61 to a day high of $3.19. The price has fallen in 6 of the last 10 days but is still up by 2251.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 213 thousand more shares were traded than the day before. In total, 404 thousand shares were bought and sold for approximately $1.24 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.42% during the next 3 months and, with a 90% probability hold a price between $0.253 and $6.67 at the end of this 3-month period.
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TRNR Signals & Forecast
The Interactive Strength Inc. 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 $2.47 and $0.629. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Interactive Strength Inc. 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. Higher liquidity also reduces the general risk. 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 Monday, June 17, 2024, and so far it has fallen -37.14%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Interactive Strength Inc. stock
Interactive Strength Inc. finds support from accumulated volume at $3.00 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 $0.580 between high and low, or 22.22%. For the last week, the stock has had daily average volatility of 45.27%.
Our recommended stop-loss: $2.91 (-5.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (TRNR) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Interactive Strength Inc. to open at $2.96, and during the day (based on 14 day Average True Range), to move between $2.33 and $3.83, which gives a possible trading interval of +/-$0.748 (+/-24.28%) up or down from last closing price. If Interactive Strength Inc. takes out the full calculated possible swing range there will be an estimated 48.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.00 (2.60%) than the resistance at $3.23 (4.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Interactive Strength Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Interactive Strength Inc. stock to perform well in the short-term.
Current score: 1.990 Buy Candidate Unchanged
Predicted Opening Price for Interactive Strength Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $2.96 ( 3.90%) | $3.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRNR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.54 | 14.93% |
| R2 | 3.32 | 7.74% |
| R1 | 3.18 | 3.30% |
| Price | 3.08 | |
| S1 | 2.74 | -11.09% |
| S2 | 2.60 | -15.53% |
| S3 | 2.38 | -22.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 3.23 | 4.87% |
| Price | 3.08 | |
| S1 | 3.00 | -2.60% |
| S2 | 2.87 | -6.82% |
| S3 | 0 | - |
FAQ
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