1stdibs.Com, Inc. Stock Forecast
Evaluation of 1stdibs.Com, Inc. stock downgraded after the last trading session.
(Updated on May 17, 2024)
The 1stdibs.Com, Inc. stock price fell by -3.79% on the last day (Friday, 17th May 2024) from $5.80 to $5.58. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.87% from a day low at $5.54 to a day high of $5.81. The price has been going up and down for this period, and there has been a -2.79% loss for the last 2 weeks. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 73 thousand shares were bought and sold for approximately $409.78 thousand.
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 11.01% during the next 3 months and, with a 90% probability hold a price between $5.72 and $7.28 at the end of this 3-month period.
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DIBS Signals & Forecast
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. The 1stdibs.Com, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.91 and $5.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -8.07%. Further fall is indicated until a new bottom pivot has been found. 1stdibs.Com, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for 1stdibs.Com, Inc. stock
1stdibs.Com, Inc. finds support from accumulated volume at $5.35 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 $0.270 between high and low, or 4.87%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DIBS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect 1stdibs.Com, Inc. to open at $5.64, and during the day (based on 14 day Average True Range), to move between $5.33 and $5.83, which gives a possible trading interval of +/-$0.246 (+/-4.41%) up or down from last closing price. If 1stdibs.Com, Inc. takes out the full calculated possible swing range there will be an estimated 8.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.64 (1.08%) than the support at $5.35 (4.12%), 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 1stdibs.Com, Inc. stock A Buy?
The 1stdibs.Com, Inc. stock holds several negative signals and despite the positive trend, we believe 1stdibs.Com, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.746 Sell Candidate Downgraded
Predicted Opening Price for 1stdibs.Com, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $5.64 ( 1.14%) | $5.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIBS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.91 | 5.97 % | |
| R2 | 5.81 | 4.13 % | ||
| R1 | 5.75 | 2.98 % | ||
| Current price: | 5.58 | |||
| Support | S1 | 5.54 | -0.713 % | |
| S2 | 5.48 | -1.86 % | ||
| S3 | 5.37 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.05 | 8.42 % | |
| R2 | 5.95 | 6.63 % | ||
| R1 | 5.64 | 1.08 % | ||
| Current price | 5.58 | |||
| Support | S1 | 5.35 | -4.12% | |
| S2 | 5.32 | -4.66% | ||
| S3 | 4.90 | -12.19% |
FAQ
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