VIREXIT TECHNOLOGIES INC Stock Forecast

Volatile ride for VIREXIT TECHNOLOGIES INC stock price on Tuesday moving between $0.0017 and $0.0020
(Updated on Jul 02, 2024)

VXIT Signals & Forecast

The VIREXIT TECHNOLOGIES INC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0018. On a fall, the stock will find some support from the long-term average at approximately $0.0012. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, July 01, 2024, and so far it has fallen -10.00%. Further fall is indicated until a new bottom pivot has been found. VIREXIT 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 VIREXIT TECHNOLOGIES INC stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0017. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ 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 $0.0003 between high and low, or 17.65%. For the last week, the stock has had daily average volatility of 18.22%.

Our recommended stop-loss: $0.0017 (-4.52%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (VXIT) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect VIREXIT TECHNOLOGIES INC to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0015 and $0.0021, which gives a possible trading interval of +/-$0.0003 (+/-18.06%) up or down from last closing price. If VIREXIT TECHNOLOGIES INC takes out the full calculated possible swing range there will be an estimated 36.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0017 (5.56%) than the resistance at $0.0020 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is VIREXIT TECHNOLOGIES INC stock A Buy?

VIREXIT TECHNOLOGIES INC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.922 Hold/Accumulate Downgraded

Predicted Opening Price for VIREXIT TECHNOLOGIES INC of Wednesday, July 3, 2024

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