My Size Inc Stock Forecast
Big movements in My Size Inc stock price on Thursday moving 19.87% between high and low
(Updated on Apr 25, 2024)
The My Size Inc stock price fell by -12.60% on the last day (Thursday, 25th Apr 2024) from $3.89 to $3.40. During the last trading day the stock fluctuated 19.87% from a day low at $3.25 to a day high of $3.90. The price has been going up and down for this period, and there has been a 639.13% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -39 thousand shares and in total, 131 thousand shares were bought and sold for approximately $444.31 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.51% during the next 3 months and, with a 90% probability hold a price between $0.708 and $5.37 at the end of this 3-month period.
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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 $1.91 and $0.733. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -18.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for My Size 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.
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 $0.647 between high and low, or 19.87%. For the last week the stock has had daily average volatility of 23.34%.
Our recommended stop-loss: $3.22 (-5.36%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (MYSZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect My Size Inc to open at $3.52, and during the day (based on 14 day Average True Range), to move between $2.96 and $3.84, which gives a possible trading interval of +/-$0.440 (+/-12.94%) up or down from last closing price. If My Size Inc takes out the full calculated possible swing range there will be an estimated 25.88% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.89, some $0.490 (14.41%) from the current price of $3.40, our system finds the risk reward not very attractive.
Is My Size Inc stock A Buy?
My Size 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: 0.868 Hold/Accumulate Unchanged
Predicted Opening Price for My Size Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$3.52 ( 3.46%) | $3.40 |
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 | 4.16 | 22.48 % | |
R2 | 3.92 | 15.22 % | ||
R1 | 3.76 | 10.73 % | ||
Current price: | 3.40 | |||
Support | S1 | 3.27 | -3.80 % | |
S2 | 3.12 | -8.29 % | ||
S3 | 2.87 | -15.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 4.15 | 22.06 % | ||
R1 | 3.89 | 14.41 % | ||
Current price | 3.40 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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