To The Moon

$Mawson Infrastructure Group Inc.(MIGI)$

The Mawson Infrastructure Group Inc. stock price fell by -6.88% on the last day (Friday, 23rd Sep 2022) from $0.58 to $0.54. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 13.00% from a day low at $0.53 to a day high of $0.60. The price has fallen in 7 of the last 10 days and is down by -18.93% for this period. 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 -120 thousand shares and in total, 106 thousand shares were bought and sold for approximately $57.09 thousand.

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 -42.75% during the next 3 months and, with a 90% probability hold a price between $0.22 and $0.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are mixed signals in the stock today. The Mawson Infrastructure Group Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. 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. On corrections up, there will be some resistance from the lines at $0.59 and $0.75. A break-up above any of these levels will issue buy signals. 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 buy signal was issued from a pivot bottom point on Monday, September 19, 2022, and so far it has risen 0.0558%. 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).

Support, Risk & Stop-loss

Mawson Infrastructure Group Inc. finds support from accumulated volume at $0.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

$0.54 $0.54 $0.62

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0689 between high and low, or 13.00%. For the last week the stock has had daily average volatility of 17.11%.