Spectral Capital Corporation Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
AI Analysis of FCCN
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Spectral Capital Corporation stock price fell more than -5.81% Friday closing at $4.70
(Updated on Oct 11, 2024)
Buy or Hold candidate since Sep 23, 2024
Gain 10.59%
The Spectral Capital Corporation stock price fell by -5.81% on the last day (Friday, 11th Oct 2024) from $4.99 to $4.70. During the last trading day the stock fluctuated 8.24% from a day low at $4.61 to a day high of $4.99. The price has been going up and down for this period, and there has been a -7.84% loss for the last 2 weeks. Volume has increased on the last day by 2 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, 2 thousand shares were bought and sold for approximately $10.45 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 19.31% during the next 3 months and, with a 90% probability hold a price between $4.11 and $6.48 at the end of this 3-month period.
FCCN Signals & Forecast
The Spectral Capital Corporation 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 $4.85. On a fall, the stock will find some support from the long-term average at approximately $4.26. 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 Monday, September 30, 2024, and so far it has fallen -11.49%. Further fall is indicated until a new bottom pivot has been found. Spectral Capital Corporation 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Spectral Capital Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.90 and $3.86. 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, Spectral Capital Corporation finds support just below today's level at $3.90. If this is broken, then the next support from accumulated volume will be at $3.86 and $3.75.
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 $0.380 between high and low, or 8.24%. For the last week, the stock has had daily average volatility of 7.59%.
Our recommended stop-loss: $4.47 (-4.90%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (FCCN) For The Upcoming Trading Day Of Monday 14th
For the upcoming trading day on Monday, 14th we expect Spectral Capital Corporation to open at $4.77, and during the day (based on 14 day Average True Range), to move between $4.23 and $5.17, which gives a possible trading interval of +/-$0.474 (+/-10.09%) up or down from last closing price. If Spectral Capital Corporation takes out the full calculated possible swing range there will be an estimated 20.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.95 (5.32%) than the support at $3.90 (17.02%), 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 Spectral Capital Corporation stock A Buy?
Spectral Capital Corporation 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. 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 Hold/Accumulate candidate.
Current score:
0.910
Hold/Accumulate
Downgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 14, 2024 - $4.77 ( 1.42%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for FCCN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.15 | 9.50% |
| R2 | 5.00 | 6.42% |
| R1 | 4.91 | 4.51% |
| Price | 4.70 | |
| S1 | 4.62 | -1.67% |
| S2 | 4.53 | -3.58% |
| S3 | 4.39 | -6.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.31 | 12.98% |
| R2 | 5.10 | 8.51% |
| R1 | 4.95 | 5.32% |
| Price | 4.70 | |
| S1 | 3.90 | -17.02% |
| S2 | 3.86 | -17.87% |
| S3 | 3.75 | -20.21% |
FAQ
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