What’s Ahead for My Size, Inc. (MYSZ) After Forming Bearish Multiple Bottom?

The stock of My Size, Inc. (MYSZ) shows a multiple bottoms pattern with $0.82 target or 8.00 % below today’s $0.90 share price. The 8 months chart pattern indicates high risk for the $26.75 million company. It was reported on Jan, 12 by Finviz.com. If the $0.82 price target is reached, the company will be worth $2.14M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.44% or $0.004 during the last trading session, reaching $0.896. About 344,996 shares traded or 22.09% up from the average. My Size, Inc. (NASDAQ:MYSZ) has risen 16.22% since January 12, 2018 and is uptrending. It has outperformed by 16.22% the S&P500.

More notable recent My Size, Inc. (NASDAQ:MYSZ) news were published by: Prnewswire.com which released: “My Size to Host Fashion Fit Party in New York City to Showcase its MySizeID Smart Measurement Solution for Online Apparel Shopping – PR Newswire” on September 13, 2018, also Prnewswire.com with their article: “My Size Launches Online Store ‘Modelista’ to Showcase MySizeIDâ„¢ Mobile Measurement Technology for Online Retailers – PRNewswire” published on December 19, 2018, Seekingalpha.com published: “Premarket Gainers as of 9:05 am (1/25/2018) – Seeking Alpha” on January 25, 2018. More interesting news about My Size, Inc. (NASDAQ:MYSZ) were released by: Benzinga.com and their article: “MySize Soars Following CES Update (NASDAQ:MYSZ) – Benzinga” published on January 12, 2018 as well as Prnewswire.com‘s news article titled: “My Size Inc. Announces Third Quarter 2018 Results and Provides Year-to-Date Progress Report – PRNewswire” with publication date: November 20, 2018.

My Size, Inc., a technology company, engages in the development of applications primarily for apparel business in Israel. The company has market cap of $26.75 million. It offers MySizeID, an application, which enables clients to create a secure online profile of their personal measurements to get the right fit; and TrueSize, a mobile application that enables retailers to enhance the online shopping experience of their clients by matching their true measurements with the retailerÂ’s offerings, as well as SizeUp app, which allows users to utilize their smartphone as a tape measurer. It currently has negative earnings. The firm was formerly known as Knowledgetree Ventures, Inc. and changed its name to My Size, Inc. in January 2014.

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