Ultrack Systems Stock Forecast
Volatile ride for Ultrack Systems stock price on Friday moving between $0.0001 and $0.0002
(Updated on Apr 19, 2024)
The Ultrack Systems stock price fell by -33.33% on the last day (Friday, 19th Apr 2024) from $0.0002 to $0.0001. During the last trading day the stock fluctuated 100.00% from a day low at $0.0001 to a day high of $0.0002. The price has been going up and down for this period, and there has been a 0% change 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 -10 million shares and in total, 751 thousand shares were bought and sold for approximately $75.12 .
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 -35.72% during the next 3 months and, with a 90% probability hold a price between $0.00002354 and $0.0001 at the end of this 3-month period.
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MJLB 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 Ultrack Systems stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0002 and $0.0001. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -50.00%. 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. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, April 17, 2024 with a target of $0.0001. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Ultrack Systems 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 $0.0001 between high and low, or 100.00%. For the last week the stock has had daily average volatility of 110.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MJLB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Ultrack Systems to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00001594 and $0.0002, which gives a possible trading interval of +/-$0.00008406 (+/-84.06%) up or down from last closing price. If Ultrack Systems takes out the full calculated possible swing range there will be an estimated 168.12% move between the lowest and the highest trading price during the day.
Is Ultrack Systems stock A Buy?
Ultrack Systems holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.769 Sell Candidate Unchanged
Predicted Opening Price for Ultrack Systems of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.0001 ( 33.33%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MJLB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0002 | 133.33 % | |
| R2 | 0.0002 | 95.13 % | ||
| R1 | 0.0002 | 71.53 % | ||
| Current price: | 0.0001 | |||
| Support | S1 | 0.00009513 | -4.87 % | |
| S2 | 0.00007153 | -28.47 % | ||
| S3 | 0.00003333 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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