Winvest Acquisition Corp. Stock Forecast

Evaluation of Winvest Acquisition Corp. stock downgraded after the last trading session.
(Updated on Jun 24, 2024)

WINVR Signals & Forecast

The Winvest Acquisition Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0607 and $0.0676. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 15, 2024, and so far it has fallen -45.90%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Winvest Acquisition Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0634 and $0.0600. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Winvest Acquisition Corp. finds support just below today's level at $0.0634. If this is broken, then the next support from accumulated volume will be at $0.0600 and $0.0578.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 25.03%.

Our recommended stop-loss: $0.0662 (-5.36%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (WINVR) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Winvest Acquisition Corp. to open at $0.0700, and during the day (based on 14 day Average True Range), to move between $0.0542 and $0.0858, which gives a possible trading interval of +/-$0.0158 (+/-22.62%) up or down from last closing price. If Winvest Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 45.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0634 (9.43%) than the resistance at $0.0780 (11.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Winvest Acquisition Corp. stock A Buy?

Winvest Acquisition Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.272 Hold/Accumulate Downgraded

Predicted Opening Price for Winvest Acquisition Corp. of Tuesday, June 25, 2024

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