My Size Inc Stock Forecast
My Size Inc stock price up more than 5.25% on Thursday
(Updated on Apr 18, 2024)
The My Size Inc stock price gained 5.25% on the last trading day (Thursday, 18th Apr 2024), rising from $0.461 to $0.485. During the last trading day the stock fluctuated 8.51% from a day low at $0.470 to a day high of $0.510. The price has been going up and down for this period, and there has been a 13.37% 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, 82 thousand more shares were traded than the day before. In total, 266 thousand shares were bought and sold for approximately $128.79 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect My Size Inc stock with a 90% probability to be traded between $0.386 and $0.540 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MYSZ Signals & Forecast
The My Size Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.463 and $0.435. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 13.72%. Further rise is indicated until a new top pivot has been found. My Size 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. Higher liquidity also reduces the general risk. 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).
Support, Risk & Stop-loss for My Size Inc stock
My Size Inc finds support from accumulated volume at $0.481 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0400 between high and low, or 8.51%. For the last week, the stock has had daily average volatility of 11.80%.
Our recommended stop-loss: $0.465 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (MYSZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect My Size Inc to open at $0.488, and during the day (based on 14 day Average True Range), to move between $0.438 and $0.532, which gives a possible trading interval of +/-$0.0470 (+/-9.68%) up or down from last closing price. If My Size Inc takes out the full calculated possible swing range there will be an estimated 19.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.481 (0.82%) than the resistance at $0.490 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is My Size Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for My Size Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.936 Buy Candidate Upgraded
Predicted Opening Price for My Size Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.488 ( 0.687%) | $0.485 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MYSZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.528 | 8.93 % | |
| R2 | 0.513 | 5.78 % | ||
| R1 | 0.504 | 3.84 % | ||
| Current price: | 0.485 | |||
| Support | S1 | 0.473 | -2.46 % | |
| S2 | 0.464 | -4.41 % | ||
| S3 | 0.448 | -7.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.534 | 10.10 % | |
| R2 | 0.510 | 5.15 % | ||
| R1 | 0.490 | 1.03 % | ||
| Current price | 0.485 | |||
| Support | S1 | 0.481 | -0.82% | |
| S2 | 0.445 | -8.25% | ||
| S3 | 0.411 | -15.26% |
FAQ
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