Protext Mobility Inc Stock Forecast

Volatile ride for Protext Mobility Inc stock price on Wednesday moving between $0.0010 and $0.0014
(Updated on May 22, 2024)

TXTM Signals & Forecast

There are mixed signals in the stock today. The Protext Mobility 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 $0.0016. On a fall, the stock will find some support from the short-term average at $0.0010. 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 Friday, April 12, 2024, and so far it has fallen -56.00%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Protext Mobility Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0010 and $0.0009. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0009 may give a huge drop in the stock price.

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 $0.0004 between high and low, or 40.00%. For the last week, the stock has had daily average volatility of 37.44%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TXTM) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Protext Mobility Inc to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0014, which gives a possible trading interval of +/-$0.0003 (+/-31.08%) up or down from last closing price. If Protext Mobility Inc takes out the full calculated possible swing range there will be an estimated 62.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0012 (9.09%) than the support at $0.0010 (9.09%), 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 Protext Mobility Inc stock A Buy?

Protext Mobility 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.866 Sell Candidate Upgraded

Predicted Opening Price for Protext Mobility Inc of Thursday, May 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.