Senmiao Technology Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Senmiao Technology Ltd.
(Updated on Jul 02, 2024)
No changes to the price of Senmiao Technology Ltd. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 1.99% from a day low at $1.00 to a day high of $1.02. The price has risen in 5 of the last 10 days and is up by 10.99% over the past 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.68% during the next 3 months and, with a 90% probability hold a price between $1.02 and $1.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AIHS Signals & Forecast
The Senmiao Technology Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.04. On a fall, the stock will find some support from the long-term average at approximately $0.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -8.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Senmiao Technology Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.95 and $0.91. 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, Senmiao Technology Ltd. finds support just below today's level at $0.95. If this is broken, then the next support from accumulated volume will be at $0.91 and $0.80.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0199 between high and low, or 1.99%. For the last week the stock has had daily average volatility of 7.87%.
Our recommended stop-loss: $0.96 (-5.23%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (AIHS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Senmiao Technology Ltd. to open at $1.01, and during the day (based on 14 day Average True Range), to move between $0.92 and $1.10, which gives a possible trading interval of +/-$0.0946 (+/-9.37%) up or down from last closing price. If Senmiao Technology Ltd. takes out the full calculated possible swing range there will be an estimated 18.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.02 (0.99%) than the support at $0.95 (5.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Senmiao Technology Ltd. stock A Buy?
Senmiao Technology Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.516 Hold/Accumulate Unchanged
Predicted Opening Price for Senmiao Technology Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.01 ( 0.0033%) | $1.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIHS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.03 | 1.97% |
| R2 | 1.02 | 1.21% |
| R1 | 1.02 | 0.749% |
| Price | 1.01 | |
| S1 | 1.00 | -0.756% |
| S2 | 1.00 | -1.22% |
| S3 | 0.99 | -1.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.08 | 6.44% |
| R2 | 1.03 | 1.98% |
| R1 | 1.02 | 0.99% |
| Price | 1.01 | |
| S1 | 0.95 | -5.94% |
| S2 | 0.91 | -9.43% |
| S3 | 0.80 | -20.79% |
FAQ
Click here for our free guide on how to buy Senmiao Technology Ltd. Stock.
