Winvest Acquisition Corp. Stock Forecast
Winvest Acquisition Corp. stock upgraded to Hold/Accumulate.
(Updated on Jun 17, 2024)
No changes to the price of Winvest Acquisition Corp. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0120 to a day high of $0.0120. The price has fallen in 4 of the last 10 days and is down by -40% for this period.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0101 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Winvest Acquisition Corp. stock with a 90% probability to be traded between $0.0101 and $0.0290 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WINVW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Winvest Acquisition Corp. 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 $0.0147 and $0.0162. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should go up by 121.85% to $0.0266 within 9 trading days since signal was issued (Tuesday, June 18, 2024).
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 $0.0110 and $0.0102. 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 $0.0110. If this is broken, then the next support from accumulated volume will be at $0.0102 and $0.0100.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0.167%
Our recommended stop-loss: $0.0113 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (WINVW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Winvest Acquisition Corp. to open at $0.0120, and during the day (based on 14 day Average True Range), to move between $0.0082 and $0.0158, which gives a possible trading interval of +/-$0.0038 (+/-31.79%) up or down from last closing price. If Winvest Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 63.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0110, some $0.0010 (8.33%) from the current price of $0.0120, our system finds the risk reward attractive.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Winvest Acquisition Corp. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0120 ( 0.00000000%) | $0.0120 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WINVW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0120 | 0.00000000% |
| R2 | 0.0120 | 0.00000000% |
| R1 | 0.0120 | 0.00000000% |
| Price | 0.0120 | |
| S1 | 0.0120 | 0.00000000% |
| S2 | 0.0120 | 0.00000000% |
| S3 | 0.0120 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0120 | |
| S1 | 0.0110 | -8.33% |
| S2 | 0.0102 | -15.00% |
| S3 | 0.0100 | -16.67% |
FAQ
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