Wialan Technologies, Inc. Stock Forecast
Red day on Tuesday for Wialan Technologies, Inc.
(Updated on Jun 25, 2024)
No changes to the price of Wialan Technologies, Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0009 to a day high of $0.0009. The price has been going up and down for this period, and there has been a -10% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.75% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0009 at the end of this 3-month period. 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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WLAN Signals & Forecast
There are few to no technical positive signals at the moment. The Wialan 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 $0.0009 and $0.0009. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. 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 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 sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -22.22% to $0.0007 within 2 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Wialan Technologies, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0008 and $0.0008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0008 may give a huge drop in the stock price.
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 2.50%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WLAN) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wialan Technologies, Inc. to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-15.12%) up or down from last closing price. If Wialan Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 30.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0010 (5.56%) than the support at $0.0008 (6.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Wialan Technologies, Inc. stock A Buy?
Wialan 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.
Current score: -3.184 Sell Candidate Unchanged
Predicted Opening Price for Wialan Technologies, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0009 ( 0.00000000%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WLAN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0009 | 0.00000000% |
| R2 | 0.0009 | 0.00000000% |
| R1 | 0.0009 | 0.00000000% |
| Price | 0.0009 | |
| S1 | 0.0009 | 0.00000000% |
| S2 | 0.0009 | 0.00000000% |
| S3 | 0.0009 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 16.67% |
| R2 | 0.0010 | 11.11% |
| R1 | 0.0010 | 5.56% |
| Price | 0.0009 | |
| S1 | 0.0008 | -6.67% |
| S2 | 0.0008 | -11.11% |
| S3 | 0 | - |
FAQ
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