Seastar Medical Holding Corporation Stock Forecast

Volatile ride for Seastar Medical Holding Corporation stock price on Friday moving between $0.437 and $0.489
(Updated on Apr 26, 2024)

ICU Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.69%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Seastar Medical Holding Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.472 and $0.709. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Seastar Medical Holding 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".

Support, Risk & Stop-loss for Seastar Medical Holding Corporation stock

Seastar Medical Holding Corporation finds support from accumulated volume at $0.436 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 $0.0520 between high and low, or 11.91%. For the last week, the stock has had daily average volatility of 11.84%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ICU) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Seastar Medical Holding Corporation to open at $0.455, and during the day (based on 14 day Average True Range), to move between $0.354 and $0.526, which gives a possible trading interval of +/-$0.0859 (+/-19.50%) up or down from last closing price. If Seastar Medical Holding Corporation takes out the full calculated possible swing range there will be an estimated 39.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.436 (1.00%) than the resistance at $0.490 (11.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Seastar Medical Holding Corporation stock A Buy?

Seastar Medical Holding Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.239 Sell Candidate Unchanged

Predicted Opening Price for Seastar Medical Holding Corporation of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.