Visium Technologies, Inc. Stock Forecast
Is Visium Technologies, Inc. stock still a buy after falling -6.31% on Friday?
(Updated on May 03, 2024)
The Visium Technologies, Inc. stock price fell by -6.31% on the last day (Friday, 3rd May 2024) from $0.0049 to $0.0046. During the last trading day the stock fluctuated 2.17% from a day low at $0.0046 to a day high of $0.0047. The price has been going up and down for this period, and there has been a -19.3% loss for the last 2 weeks. Volume has increased on the last day by 104 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 151 thousand shares were bought and sold for approximately $694.15 .
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 $0.0041, a level that may pose a second chance to hit a runner. According to fan-theory $0.0082 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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VISM Signals & Forecast
There are few to no technical positive signals at the moment. The Visium Technologies, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0048 and $0.0049. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -23.33%. 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). Visium Technologies, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Visium Technologies, Inc. stock
Visium Technologies, Inc. finds support from accumulated volume at $0.0045 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 $0.0001 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 3.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VISM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Visium Technologies, Inc. to open at $0.0046, and during the day (based on 14 day Average True Range), to move between $0.0040 and $0.0052, which gives a possible trading interval of +/-$0.0006 (+/-14.06%) up or down from last closing price. If Visium Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 28.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0045 (2.17%) than the resistance at $0.0050 (8.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Visium Technologies, Inc. stock A Buy?
Visium Technologies, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.375 Strong Sell Candidate Downgraded
Predicted Opening Price for Visium Technologies, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0046 ( 0.725%) | $0.0046 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VISM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0047 | 2.90 % | |
| R2 | 0.0047 | 2.07 % | ||
| R1 | 0.0047 | 1.56 % | ||
| Current price: | 0.0046 | |||
| Support | S1 | 0.0046 | -0.106 % | |
| S2 | 0.0046 | -0.619 % | ||
| S3 | 0.0045 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0055 | 19.57 % | |
| R2 | 0.0054 | 17.39 % | ||
| R1 | 0.0050 | 8.70 % | ||
| Current price | 0.0046 | |||
| Support | S1 | 0.0045 | -2.17% | |
| S2 | 0.0040 | -13.04% | ||
| S3 | 0.0039 | -14.35% |
FAQ
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