Epazz Inc Stock Forecast
High volatility in Epazz Inc stock price on Wednesday which ended trading at $0.0009
(Updated on Apr 24, 2024)
No changes to the price of Epazz Inc stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 20.00% from a day low at $0.0008 to a day high of $0.0009. The price has risen in 4 of the last 10 days and is up by 12.5% over the past 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 -30.01% during the next 3 months and, with a 90% probability hold a price between $0.0004 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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EPAZ Signals & Forecast
The Epazz 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 $0.0008 and $0.0009. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 28.57%. 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. 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.
Support, Risk & Stop-loss for Epazz Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0009 and $0.0008. 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, Epazz Inc finds support just below today's level at $0.0009. If this is broken, then the next support from accumulated volume will be at $0.0008 and $0.0007.
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 $0.0002 between high and low, or 20.00%. For the last week the stock has had daily average volatility of 22.10%.
Our recommended stop-loss: $0.0009 (-3.92%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (EPAZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Epazz Inc to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0011, which gives a possible trading interval of +/-$0.0002 (+/-19.38%) up or down from last closing price. If Epazz Inc takes out the full calculated possible swing range there will be an estimated 38.77% 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 $0.0009 (5.56%), 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 Epazz Inc stock A Buy?
Epazz 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. 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: 0.598 Hold/Accumulate Downgraded
Predicted Opening Price for Epazz Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.0009 ( 5.56%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPAZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0010 | 11.11 % | |
| R2 | 0.0009 | 4.74 % | ||
| R1 | 0.0009 | 0.81 % | ||
| Current price: | 0.0009 | |||
| Support | S1 | 0.0008 | -11.92 % | |
| S2 | 0.0008 | -15.86 % | ||
| S3 | 0.0007 | -22.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0011 | 22.22 % | |
| R2 | 0.0010 | 11.11 % | ||
| R1 | 0.0010 | 5.56 % | ||
| Current price | 0.0009 | |||
| Support | S1 | 0.0009 | -5.56% | |
| S2 | 0.0008 | -11.11% | ||
| S3 | 0.0007 | -22.22% |
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