pixy has been a hot ticker this month with wild swings making it a day traders paradise for quick gains. Pixy had news yesterday which moved the stock over 30%.

About PIXY

(NASDAQ: PIXY) (the “Company”), “a Florida-based national staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the development of a robust non-fungible token (NFT) gamification loyalty program, with plans to release it in 2022 as the Company prepares for the launch of its Ghost Kitchen food brands”. The full news release can be read here.

Technical Analysis

From the Chart we can see that more volume is flowing into the stock than normal, which is a good sign for traders because it has liquidity to enter and exit. The 150 day average volume is just 3.4 million shares traded while the 20 day average volume is 19.1 million shares traded. The William Volume Accumulation indicator makes the stock bullish as well as the volume price trend indicator. The daily RSI. sits at 38 making Pixy oversold

PIXY has a high short interest rate according to FINTEL with 27.34% of the float being shorted making PIXY a potential short squeeze play if the BULLS can take control.

PIXY has support at 1.38, 1.21, and 0.89 while the resistance points are 1.87, 2.19, and 2.36. PIXY is currently in between the support and resistance at 1.60, I believe a squeeze could take place if enough buying pressure comes in which could cause PIXY to explode like BBIG did last week. In conclusion keep a close eye on PIXY with a tight stop loss set.

Check out some of our other analysis’s here:

Disclaimer this is not financial advice nor are the writers here financial advisors. Invest and buy stocks at your own risk as you may lose your entire investment. Everything in this post is an opinion and should be treated as an opinion.