RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SSTI
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Shotspotter Inc stock price up 3.12% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 25, 2024 Gain 0.65% PDF

The Shotspotter Inc stock price gained 3.12% on the last trading day (Wednesday, 27th Mar 2024), rising from $15.05 to $15.52. During the last trading day the stock fluctuated 8.28% from a day low at $14.80 to a day high of $16.02. The price has fallen in 6 of the last 10 days and is down by -4.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 51 thousand more shares were traded than the day before. In total, 98 thousand shares were bought and sold for approximately $1.51 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -38.58% during the next 3 months and, with a 90% probability hold a price between $8.66 and $10.01 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SSTI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 3.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shotspotter Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.06. On a fall, the stock will find some support from the short-term average at $15.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Shotspotter Inc stock

Shotspotter Inc finds support from accumulated volume at $15.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.23 between high and low, or 8.28%. For the last week, the stock has had daily average volatility of 6.04%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SSTI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Shotspotter Inc to open at $15.45, and during the day (based on 14 day Average True Range), to move between $14.52 and $16.52, which gives a possible trading interval of +/-$1.00 (+/-6.42%) up or down from last closing price. If Shotspotter Inc takes out the full calculated possible swing range there will be an estimated 12.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.50 (0.13%) than the resistance at $15.75 (1.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shotspotter Inc stock A Buy?

Shotspotter Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.361 Sell Candidate Unchanged

Predicted Opening Price for Shotspotter Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$15.45 ( 0.483%) $15.52

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SSTI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.67 7.41 %
R2 16.20 4.39 %
R1 15.91 2.53 %
Current price: 15.52
Support S1 14.98 -3.50 %
S2 14.69 -5.36 %
S3 14.22 -8.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.29 24.29 %
R2 17.61 13.47 %
R1 15.75 1.48 %
Current price 15.52
Support S1 15.50 -0.129%
S2 15.15 -2.38%
S3 15.03 -3.16%

FAQ

What is the symbol for Shotspotter Inc Stock and on which exchange is it traded?
The symbol for Shotspotter Inc is SSTI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Shotspotter Inc Stock?
Shotspotter Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Shotspotter Inc Stock?
Shotspotter Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shotspotter Inc Stock.

What's the current price of Shotspotter Inc Stock?
As of the end of day on the 2024-03-27, the price of an Shotspotter Inc (SSTI) share was $15.52.

What is the 52-week high and low for Shotspotter Inc Stock?
The 52-week high for Shotspotter Inc Stock is $39.46 and the 52-week low is $14.39.

What is the market capitalization of Shotspotter Inc Stock?
As of the 2024-03-27, the market capitalization of Shotspotter Inc is 191.445M.

When is the next earnings date for Shotspotter Inc?
The upcoming earnings date for Shotspotter Inc is May 14, 2024.
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About Shotspotter Inc

Shotspotter ShotSpotter, Inc. provides precision-policing and security solutions for law enforcement and security personnel in the United States, South Africa, and the Bahamas. Its solutions include ShotSpotter Respond, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Connect, a patrol management softw... SSTI Profile

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