Mc Endeavors Inc Stock Forecast
Volatile ride for Mc Endeavors Inc stock price on Friday moving between $0.0010 and $0.0011
(Updated on Apr 19, 2024)
The Mc Endeavors Inc stock price gained 57.14% on the last trading day (Friday, 19th Apr 2024), rising from $0.0007 to $0.0011. During the last trading day the stock fluctuated 10.00% from a day low at $0.0010 to a day high of $0.0011. The price has been going up and down for this period, and there has been a 57.14% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 510 thousand more shares were traded than the day before. In total, 510 thousand shares were bought and sold for approximately $561.00 .
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0011 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.11% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0012 at the end of this 3-month period.
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MSMY Signals & Forecast
The Mc Endeavors 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 $0.0007 and $0.0008. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 83.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Mc Endeavors Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mc Endeavors Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0010 and $0.0009. 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, Mc Endeavors Inc finds support just below today's level at $0.0010. If this is broken, then the next support from accumulated volume will be at $0.0009 and $0.0008.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 10.00%. For the last week, the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: $0.0011 (-3.58%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MSMY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Mc Endeavors Inc to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0010 and $0.0012, which gives a possible trading interval of +/-$0.00008783 (+/-7.98%) up or down from last closing price. If Mc Endeavors Inc takes out the full calculated possible swing range there will be an estimated 15.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0010, some $0.0001 (9.09%) from the current price of $0.0011, our system finds the risk reward attractive.
Is Mc Endeavors Inc stock A Buy?
Mc Endeavors 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 Mc Endeavors Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.0011 ( 3.03%) | $0.0011 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSMY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0012 | 6.06 % | |
| R2 | 0.0011 | 2.59 % | ||
| R1 | 0.0011 | 0.442 % | ||
| Current price: | 0.0011 | |||
| Support | S1 | 0.0010 | -6.50 % | |
| S2 | 0.0010 | -8.65 % | ||
| S3 | 0.0010 | -12.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0011 | |||
| Support | S1 | 0.0010 | -9.09% | |
| S2 | 0.0009 | -22.73% | ||
| S3 | 0.0008 | -23.64% |
FAQ
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