Below is an analysis of the stock price action for Forza X1 (FRZA), Magic Empire Global (MEGL), GreenBox POS (GBOX). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.
Forza X1 (FRZA)
FRZA is a recent IPO that saw big down trend on the first 2 days of trading but is now seeing a move to the upside today. It is still early to determine big levels of support and resistant but is a possible opportunity for trading price action with the volatility.
Magic Empire Global (MEGL)
MEGL made a strong move to the upside yesterday from nearly 7 to 17. Today that strength is continuing premarket. It is recent IPO with extremely large range so it will interesting to see if it can continue its upside move or fade back down. One to trade carefully with such wide range.
GreenBox POS (GBOX)
GBOX is moving on positive sales reporting. It had been in a recent down trend and was just curling up prior to earnings. The company also announced a new CFO. These catalysts and recent up trend might lead to a further trend.
Recap
| FRZA | MEGL | GBOX |
|---|---|---|
| Shares: 5-10milIndustry: N/ACatalyst: ContinuationATR: 5.00 - 10.00Time Frame: 1 MinuteRecent IPOResistance: 10Resistance: 9.5Support: 8.9Support: 8.25 | Shares: 10-25milIndustry: N/ACatalyst: ContinuationATR: 5.00 - 10.00Time Frame: 1 MinuteRecent IPOSupport: 24.5Resistance: 22.3Support: 20Support: 18.5 | Shares: 25-50milIndustry: Information TechnologyCatalyst: Positive EarningsATR: 0.10 - 0.25Time Frame: 1 MinuteResistance: 1.85Resistance: 1.65Support: 1.5Support: 1.3 |