MICS resistance levels
Next resistance areas above the price
Prices above the last close where MICS made swing highs and turned lower before, nearest first.
Not enough history to describe resistance: 20 sessions since Aug 5, 2024, and we need 60.
Built from 20 daily sessions, Aug 5, 2024 to Aug 30, 2024 (end-of-day data; our history starts Jul 1, 2024). History before Aug 5, 2024 is excluded: the stock opened 23.8% lower that day on ordinary volume (0.93x its average), the pattern of a corporate action such as a spin-off rather than of trading, so older prices are not comparable. A swing high is the highest high within 5 sessions on each side, so the last 5 sessions cannot form one yet. Swing highs within half an ATR of each other form one area. Volume share spreads each session’s volume evenly across its high-low range, so it is an approximation.
Formula pivots by timeframe
Arithmetic on each prior period’s high, low and close. No trading took place at these prices.
| Timeframe | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Daily | $0.4007 | $0.4503 | $0.5207 | $0.5703 | $0.6407 | $0.6903 | $0.7607 |
| Weekly | $0.1394 | $0.2572 | $0.3644 | $0.4822 | $0.5894 | $0.7072 | $0.8144 |
Every formula level vs the current price
| Price | Side | From |
|---|---|---|
| $0.1394 | support | Weekly S3 |
| $0.2572 | support | Weekly S2 |
| $0.3500 | support | 52-week low |
| $0.3644 | support | Weekly S1 |
| $0.4007 | support | Daily S3 |
| $0.4503 | support | Daily S2 |
| $0.4822 | support | Weekly Pivot |
| $0.5207 | support | Daily S1 |
| $0.5703 | support | Daily Pivot |
| $0.5894 | support | Weekly R1 |
| $0.6407 | support | Daily R1 |
| $0.6903 | support | Daily R2 |
| $0.7072 | support | Weekly R2 |
| $0.7607 | resistance | Daily R3 |
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MICS resistance & support FAQ
What are MICS's resistance levels?
MICS has 20 sessions of history in our data, fewer than the 60 needed to describe resistance.
How are the resistance areas found?
From the stock’s own daily trading since Jul 1, 2024, adjusted for splits. A swing high is the highest high within 5 sessions on each side; swing highs within half an average daily range (ATR) of each other form one area. Each area lists the dates it was made, how many sessions traded into it and closed below it, and the share of volume traded inside it. No score is blended from these.
Do these areas predict where price will stop?
No, and we tested it. On 136 stocks, price that reached the nearest area failed to close above it within 5 sessions 33.4% of the time (427 of 1277), against 33.3% at random bands of the same width (408 of 1227). That is no measurable difference. They describe where price turned before; they are not a forecast or a recommendation.
How are the pivots calculated?
Classic floor-trader pivots: the pivot point is the average of the prior period’s high, low and close, and the support and resistance rungs are symmetric multiples around it. They are arithmetic, so no trading took place at those prices.