12/17/2023 0 Comments Meta materials stock![]() The Meta Materials stock holds several negative signals and despite the positive trend, we believe Meta Materials will perform weakly in the next couple of days or weeks. With no support below and resistance from accumulated volume $0.0700 (6.80%) our system find the risk reward not very attractive. takes out the full calculated possible swing range there will be an estimated 33.25% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$0.17 (+/-16.63%) up or down from last closing price. to open at $1.02, and during day (based on 14 day Average True Range), Trading Expectations For The Upcoming Trading Day Of Friday 1stįor the upcoming trading day on Friday 1st we expect Meta Materials Inc. We hold a negative evaluation for this stock. For the last week, the stock has had a daily average volatility of 19.98%. During the last day, the stock moved $0.0700 between high and low, or 7.14%. This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Thursday, June 23, 2022, and so far it has fallen -46.07%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $1.32 and $1.59. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. The Meta Materials stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. ![]() There are few to no technical positive signals at the moment.
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