Heating Up, Low Float (MYSZ) Could Be Ready To Establish A New High Of Day (Trades Above Key SMA Lines)
MYSZ is starting to heat up.
Looking like it could be on the cusp of establishing a new high of day, MYSZ is picking up the pace and could soon be entering breakout territory.
Also, I can't harp on this enough. MYSZ is a low float idea.
With Yahoo Finance reporting around 2Mn shares in its float, MYSZ could be a volatile profile capable of extremely vertical moves in an instant.
And with MYSZ trading above 5 key lines of support including its 50-Day SMA now, support could be growing significantly for this Nasdaq profile to try and run down previous highs.
Drop everything right now and get MYSZ pulled up quickly.
Let's not beat around the bush.
Your next breakout idea is a low float profile.
Coming in with around 2Mn shares in its float, the potential for volatility could be significant.
Of all the breakout ideas we've given to you over the past several years, a profile with about 2Mn shares is definitely one of the smaller ones.
Now, choke this down...
First off, this profile has an analyst target providing over 100% potential upside.
Secondly, this company is looking to disrupt a global e-commerce apparel market that was estimated at over $500Bn back in 2021.
Lastly, and maybe most importantly for the recent term, this Nasdaq idea has been trending positively over the past week.
Closing Monday above 4 key lines of potential support including its:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
... could be setting this profile up to be ready to hit the ground running coming out of Tuesday's holiday.
Right now, it's time to get this Nasdaq profile on radar:
*My Size, Inc. (MYSZ)*
MySize, Inc. is an omnichannel e-commerce platform and provider of AI-driven measurement solutions including MySizeID and recently acquired Naiz Fit to drive revenue growth and reduce costs for its business clients.
Artificial Intelligence (AI) Market Poised for Explosive Growth, Expected to Reach $1.6Tn by 2030
Industries spanning automotive, healthcare, retail, finance, and manufacturing are embracing artificial intelligence as a central element of their operations. Tech giants are driving this transformation through substantial in-vest-ments in research and development. For instance, Intel Corporation’s acquisition of Cnvrg.io, an Israeli company specializing in machine learning models, underscores the company’s commitment to advancing its artificial intelligence business.
Artificial intelligence has elevated technology to the forefront of organizations, revolutionizing various sectors. From self-driving vehicles reshaping transportation to life-saving medical equipment, AI has become an integral part of almost every device and software program. Its ability to analyze massive amounts of data, make complex decisions, and learn from patterns has made AI indispensable.
As the global artificial intelligence market expands, it brings forth opportunities for innovation, efficiency, and growth. Industries are leveraging AI to optimize processes, enhance customer experiences, and achieve unparalleled levels of productivity. Within this rapidly evolving landscape, one company to keep an eye on is My Size, Inc. (MYSZ).
My Size, Inc. (MYSZ) is an emerging player in the AI-driven measurement solutions market, offering innovative technologies to drive revenue growth and reduce costs for businesses. As industries increasingly adopt AI solutions, My Size’s offerings, such as MySizeID and Naiz Fit, hold great potential to disrupt traditional measurement processes in sectors like apparel, e-commerce, and logistics.
With a focus on delivering accurate and efficient measurement solutions, My Size, Inc. (MYSZ) could be well-positioned to capitalize on the growth of the global artificial intelligence market.
By leveraging AI technologies to address measurement challenges and enhance business processes, My Size is poised to carve out a notable presence in this dynamic industry landscape.
My Size, Inc. (MYSZ): An Emerging AI-driven Measurement Solutions Company Poised To Disrupt A $38Bn Apparel Market
The global artificial intelligence (AI) market is poised for exponential growth, and My Size, Inc. (MYSZ) is making significant strides in this dynamic landscape.
My Size, Inc. (MYSZ) is an emerging AI-driven measurement solutions company set to disrupt the $38Bn apparel returns market. With a strong focus on sustainability, their solutions aim to reduce size-related returns, aligning with the growing emphasis on eco-conscious practices.
Founded in 2014 by Ronen Luzon, My Size was born out of a frustration with the challenges of online shopping, particularly the uncertainty around sizing and the hassle of returning ill-fitting items. Recognizing the impact of these issues on both consumers and retailers, Luzon set out to create a solution that would standardize sizing and enhance the online shopping experience.
My Size developed a range of measurement apps, including MySizeID, BoxSize, SizeUP, First Look Smart Mirror, and Smart Catalogue, all based on the company’s patented algorithms and software development kits (SDK). These innovative measurement solutions have revolutionized the way consumers find the right fit across various size charts, driving buyer satisfaction and reducing costs for online retailers.
A closer look at My Size, Inc. (Nasdaq: MYSZ)’s AI-driven measurement solutions:
By leveraging My Size, Inc. (MYSZ)’s MySize ID, retailers can match shoppers’ personal measurements with their brand’s size chart, resulting in significantly fewer returns and increased customer satisfaction. The platform comprises three essential elements: the widget, app, and My Dash.
The widget is seamlessly integrated into the retailer’s e-commerce platform, displaying size recommendations for individual shoppers on a per-item basis. These recommendations are based on data input into My Dash, the user-friendly size chart editor. Retailers can create a unique size profile for their customers using the MySize ID app or the online sizing wizard available on the My Size ID website.
My Dash plays a pivotal role by generating a comprehensive size chart for each apparel item and integrating it directly with the retailer’s product lifecycle management (PLM) and inventory database. Furthermore, MySize ID offers analytics with aggregated customer data, providing in-depth insights into consumer behavior. These insights enable retailers to further enhance personalization and tailor their offerings to meet customer preferences.
The MySize ID app or software development kit (SDK) empowers shoppers to create personalized size profiles by recording their body measurements with their smartphones. This convenience extends beyond online shopping and can be implemented in brick-and-mortar stores. Shoppers can easily scan barcodes, receive size recommendations, and make purchases directly through the app, bypassing fitting rooms and registers.
BoxSize: The Perfect Measuring Tool for Logistic Companies
Logistic companies often face the challenge of accurately measuring packages to ensure efficient shipping and storage. With Box Size, an innovative measuring tool, logistics professionals can streamline their operations and optimize package measurements.
By using Box Size, logistic companies can ensure precise package measurements, leading to improved efficiency, reduced errors, and enhanced logistics operations. With its user-friendly interface and comprehensive functionality, Box Size is the perfect solution for accurate package measuring in the logistics industry.
The SizeUp App is based on technology developed by MySize Inc. These revolutionary patent-pending algorithms that utilize Smartphone sensors to accurately measure anything from everyday objects to body measurements.
First Look Smart Mirror
The First Look Smart Mirror is an interactive point-of-sale (POS) display that revolutionizes the in-store fashion shopping experience. With My Size ID integration, customers can preview items on a virtual avatar, ensuring accurate personalized sizing and fit. Real-time stock availability and upselling recommendations enhance the shopping journey, while NFC technology enables seamless checkout. This innovative solution reduces returns, boosts sales, and increases customer satisfaction.
Grab sources and more here.
And as mentioned above, this profile has a few specific potential catalysts that you need to be aware of this moment.
Here's what you need to know...
No. 1 MYSZ Potential Catalyst - A Low Float Provides The Potential For Explosive Volatility
According to the Yahoo Finance website, MYSZ has a tiny float.
The website reports this profile to have approximately 2Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could positive company news in 2023 provide a near term spark?
No. 2 MYSZ Potential Catalyst - H.C. Wainwright Maintains $3.00 Price Target In April 2023
Back in April of this year, an analyst at H.C. Wainwright tagged MYSZ with a $3.00 target.
Now, from Monday's closing valuation of $1.14, that provides MYSZ with a mouth-watering upside potential.
We're talking in the neighborhood of 163% potential upside.
Now, we're not saying that MYSZ is going to soar to those levels today, but the potential upside to that target is too big not to bring to your attention.
No. 3 MYSZ Potential Catalyst - A Recent Chart Surge Has Sent MYSZ Over Key Lines Of Potential Support
From a low of $1.02 on 6/27/23, MYSZ has been grinding.
Closing at $1.14 on Monday, MYSZ has moved 11%, but has more importantly moved over 4 key lines on its chart in its:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
Now, if MYSZ is able to start growing potential support at those key levels, and push through its 50-Day SMA at the $1.17(ish) level, it could open it up to a breakout move as it trades significantly below its 200-Day SMA around $2.61.
These lines will be important to keep an eye on today.
No. 4 MYSZ Potential Catalyst - Company To Jump Into The Booming, Multi-Bn Dollar Pet Apparel Market
MySizeID for Pets: MySize to Launch AI-Driven Sizing Solution for $5Bn Pet Clothing Market
First sizing solution of its kind to help get the right fit and maximize apparel comfort for dogs and cats
Recent launch of fashionable dog apparel by high-profile human fashion brands driving growth to an estimated $7Bn by 2028
AIRPORT CITY, Israel, March 9, 2023 /PRNewswire/ -- MySize, Inc. (Nasdaq: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today announced its MySizeID apparel sizing solution will soon be available for the $5Bn pet apparel market, including for dogs and cats.
The pet apparel market is projected to grow to an estimated $7B in 2028 driven by rising pet ownership worldwide, pet humanization, growing demand for sustainable pet clothing, and an increasing number of brands, including new dog apparel brands and well-established human brands now designing for the pet market. The dog segment is expected to continue to dominate the market.
"We believe MySizeID will be the first pet apparel sizing solution on the market, based on our assessment, and we look forward to working with innovative pet apparel retailers that aim to improve their consumer journey and sustainability."
Read the full article here.
MYSZ Recap - Top Potential Catalysts To Know Right Now
No. 1 - A Low Float Provides The Potential For Explosive Volatility
No. 2 - H.C. Wainwright Maintains $3.00 Price Target In April 2023
No. 3 - A Recent Chart Surge Has Sent MYSZ Over Key Lines Of Potential Support
No. 4 - Company To Jump Into The Booming, Multi-Bn Dollar Pet Apparel Market
Coverage is officially initiated on MYSZ. When time allows, do this: