High volatility in Sharps Technology, Inc. stock price on Monday which ended trading at $0.0425

The Sharps Technology, Inc. stock price gained 70.00% on the last trading day (Monday, 14th Apr 2025), rising from $0.0250 to $0.0425. It has now gained 3 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 35.77% from a day low at $0.0383 to a day high of $0.0520. The price has fallen in 6 of the last 10 days but is still up by 42.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 365 million more shares were traded than the day before. In total, 986 million shares were bought and sold for approximately $41.91 million.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is -$0.133, a level that may pose a second chance to hit a runner. According to fan-theory $0.464 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.

A buy signal was issued from a pivot bottom point on Wednesday, April 09, 2025, and so far it has risen 203.57%. Further rise is indicated until a new top pivot has been found. 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 Sharps Technology, 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 $0.196. On a fall, the stock will find some support from the short-term average at $0.0232. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Sharps Technology, Inc. finds support from accumulated volume at $0.0423 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0137 between high and low, or 35.77%. For the last week, the stock has had daily average volatility of 60.84%.

Sharps Technology, Inc. is oversold on RSI14 (23). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Sharps Technology, 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.