Ubiquitech Software Stock Forecast
High volatility in Ubiquitech Software stock price on Monday which ended trading at $0.0001
(Updated on Jun 17, 2024)
No changes to the price of Ubiquitech Software stock on the last trading day (Monday, 17th Jun 2024). 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 100% gain for the last 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.00009993, a level that may pose a second chance to hit a runner. According to fan-theory $0.0002 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. 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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UBQU Signals & Forecast
The Ubiquitech Software 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 $0.00006029. 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). 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. 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 Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Tuesday, June 04, 2024 with a target of $0.000099. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Ubiquitech Software 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 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 $0.0001 between high and low, or 100.00%. For the last week, the stock has had daily average volatility of 20.00%.
Our recommended stop-loss: $0.00009626 (-3.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (UBQU) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ubiquitech Software to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00002594 and $0.0002, which gives a possible trading interval of +/-$0.00007406 (+/-74.06%) up or down from last closing price. If Ubiquitech Software takes out the full calculated possible swing range there will be an estimated 148.13% move between the lowest and the highest trading price during the day.
Is Ubiquitech Software stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.188 Buy Candidate Upgraded
Predicted Opening Price for Ubiquitech Software of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0001 ( 33.33%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBQU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0002 | 133.33% |
| R2 | 0.0002 | 95.13% |
| R1 | 0.0002 | 71.53% |
| Price | 0.0001 | |
| S1 | 0.00009513 | -4.87% |
| S2 | 0.00007153 | -28.47% |
| S3 | 0.00003333 | -66.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0001 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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