Yotta Acquisition Corporation Stock Forecast

Big movements in Yotta Acquisition Corporation stock price on Monday moving 76.19% between high and low
(Updated on Jun 17, 2024)

YOTAW Signals & Forecast

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. The Yotta Acquisition Corporation 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 $0.0228 and $0.0232. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -73.68%. Further fall is indicated until a new bottom pivot has been found. Yotta Acquisition Corporation 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 Yotta Acquisition Corporation 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.

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 $0.0080 between high and low, or 76.19%. For the last week, the stock has had daily average volatility of 30.67%.

Our recommended stop-loss: $0.0099 (-5.26%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 40 days ago.)

Trading Expectations (YOTAW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Yotta Acquisition Corporation to open at $0.0132, and during the day (based on 14 day Average True Range), to move between $0.0020 and $0.0190, which gives a possible trading interval of +/-$0.0085 (+/-80.60%) up or down from last closing price. If Yotta Acquisition Corporation takes out the full calculated possible swing range there will be an estimated 161.20% move between the lowest and the highest trading price during the day.

Is Yotta Acquisition Corporation stock A Buy?

Yotta Acquisition Corporation 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: 0.000 Hold/Accumulate Downgraded

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 Yotta Acquisition Corporation of Tuesday, June 18, 2024

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