To The Moon

$Mawson Infrastructure Group Inc.(MIGI)$

The Mawson Infrastructure Group Inc. stock price gained 7.31% on the last trading day (Monday, 12th Sep 2022), rising from $0.67 to $0.72. During the last trading day the stock fluctuated 14.50% from a day low at $0.66 to a day high of $0.75. The price has been going up and down for this period, and there has been a -4.67% loss for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 1 million shares were bought and sold for approximately $742.89 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 -39.34% during the next 3 months and, with a 90% probability hold a price between $0.30 and $0.77 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, September 09, 2022, and so far it has risen 7.31%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mawson Infrastructure Group Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.80. On a fall, the stock will find some support from the short-term average at $0.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss

Mawson Infrastructure Group Inc. finds support from accumulated volume at $0.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

$0.71 $0.72 $0.75

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 $0.0950 between high and low, or 14.50%. For the last week the stock has had daily average volatility of 16.23%.

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 Tuesday 13th

For the upcoming trading day on Tuesday, 13th we expect Mawson Infrastructure Group Inc. to open at $0.71, and during the day (based on 14 day Average True Range), to move between $0.61 and $0.82, which gives a possible trading interval of +/-$0.10 (+/-14.24%) 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 28.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.71 (0.70%) than the resistance at $0.75 (5.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Insiders are very positive buying more shares than they are selling in Mawson Infrastructure Group Inc.

In the last 100 trades there were 57.15 million shares bought and 1.95 million shares sold. The last trade was made 33 days ago by Majithia Hetal who sold 26.21 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.