Extreme Biodiesel, Inc. Stock Forecast

Extreme Biodiesel, Inc. stock price ended at $0.0001 on Friday, after losing 0%.
(Updated on May 17, 2024)

XTRM Signals & Forecast

The Extreme Biodiesel, Inc. 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 $0.00008586 and $0.00009586. 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 Thursday, May 16, 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Monday, May 13, 2024 and based on theory for this formation the price should go up by 33.00% to $0.0001 within 3 trading days since signal was issued (Monday, May 20, 2024).

Support, Risk & Stop-loss for Extreme Biodiesel, Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 3,960.00%

Our recommended stop-loss: $0.00009586 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (XTRM) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Extreme Biodiesel, Inc. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00003854 and $0.0002, which gives a possible trading interval of +/-$0.00006146 (+/-61.46%) up or down from last closing price. If Extreme Biodiesel, Inc. takes out the full calculated possible swing range there will be an estimated 122.91% move between the lowest and the highest trading price during the day.

Is Extreme Biodiesel, Inc. stock A Buy?

Extreme Biodiesel, 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Extreme Biodiesel, Inc. of Monday, May 20, 2024

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