Seer Inc Stock Forecast
Green day on Wednesday for Seer Inc stock after gaining 1.92%
(Updated on May 01, 2024)
The Seer Inc stock price gained 1.92% on the last trading day (Wednesday, 1st May 2024), rising from $2.08 to $2.12. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.37% from a day low at $2.05 to a day high of $2.16. The price has risen in 7 of the last 10 days and is up by 25.44% over the past 2 weeks. Volume fell on the last day by -156 thousand shares and in total, 443 thousand shares were bought and sold for approximately $939.79 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $2.18 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.94% during the next 3 months and, with a 90% probability hold a price between $1.80 and $2.33 at the end of this 3-month period.
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SEER Signals & Forecast
The Seer Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.91 and $1.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 27.71%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Seer Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.91 and $1.82. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Seer Inc finds support just below today's level at $1.91. If this is broken, then the next support from accumulated volume will be at $1.82 and $1.79.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.110 between high and low, or 5.37%. For the last week the stock has had daily average volatility of 7.13%.
Our recommended stop-loss: $2.05 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (SEER) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Seer Inc to open at $2.11, and during the day (based on 14 day Average True Range), to move between $1.99 and $2.25, which gives a possible trading interval of +/-$0.129 (+/-6.07%) up or down from last closing price. If Seer Inc takes out the full calculated possible swing range there will be an estimated 12.14% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.91, some $0.210 (9.91%) from the current price of $2.12, our system finds the risk reward attractive.
Earnings coming up
Seer Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.310. We will update the financials statements for Seer Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.72% in the first trading day after earnings release.
Is Seer Inc stock A Buy?
Seer Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.569 Strong Buy Candidate Unchanged
Predicted Opening Price for Seer Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $2.11 ( 0.472%) | $2.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEER
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.22 | 4.72 % | |
| R2 | 2.18 | 2.73 % | ||
| R1 | 2.15 | 1.51 % | ||
| Current price: | 2.12 | |||
| Support | S1 | 2.07 | -2.45 % | |
| S2 | 2.04 | -3.68 % | ||
| S3 | 2.00 | -5.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2.12 | |||
| Support | S1 | 1.91 | -9.91% | |
| S2 | 1.82 | -14.15% | ||
| S3 | 1.79 | -15.57% |
FAQ
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