To The Moon

$Mawson Infrastructure Group Inc.(MIGI)$

Signals & Forecast

There are few to no technical positive signals at the moment. 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 $0.71 and $0.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, August 12, 2022, and so far it has fallen -33.37%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

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.

$0.67 $0.68

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". During the last day, the stock moved $0.21 between high and low, or 31.80%. For the last week, the stock has had daily average volatility of 16.27%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Monday 12th

For the upcoming trading day on Monday, 12th we expect Mawson Infrastructure Group Inc. to open at $0.73, and during the day (based on 14 day Average True Range), to move between $0.56 and $0.77, which gives a possible trading interval of +/-$0.10 (+/-15.40%) up or down from last closing price. If Mawson Infrastructure Group Inc. takes out the full calculated possible swing range there will be an estimated 30.80% move between the lowest and the highest trading price during the day.