Social Capital Hedosophia Holdings Corp. Stock Forecast

NYSE:IPOF Open Broker Account

$10.03 (0%)

Volume: 0

Closed: Dec 01, 2022

Hollow Logo Score: 0.000

Social Capital Hedosophia Holdings Corp. Stock Forecast

$10.03 (0%)

Volume: 0

Closed: Dec 01, 2022

Score Hollow Logo 0.000
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ]
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Red day on Thursday for Social Capital Hedosophia Holdings Corp.
(Updated on Dec 01, 2022)


Buy or Hold candidate since 2022-10-03 Gain 0.20% PDF

No changes to the price of Social Capital Hedosophia Holdings Corp. stock on the last trading day (Thursday, 1st Dec 2022). During the last trading day the stock fluctuated 0% from a day low at $10.03 to a day high of $10.03. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

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The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Social Capital Hedosophia Holdings Corp. stock with a 90% probability to be traded between $10.04 and $10.10 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

IPOF Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, October 07, 2022, and so far it has fallen -0.0996%. 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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, October 07, 2022 and based on theory for this formation the price should fall by -0.530% to $9.98 within 19 trading days since signal was issued (Friday, December 02, 2022).

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Support, Risk & Stop-loss for Social Capital Hedosophia Holdings Corp. stock

Social Capital Hedosophia Holdings Corp. finds support from accumulated volume at $10.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $9.63 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (IPOF) For The Upcoming Trading Day Of Friday 2nd

For the upcoming trading day on Friday, 2nd we expect Social Capital Hedosophia Holdings Corp. VI to open at $10.03, and during the day (based on 14 day Average True Range), to move between $10.03 and $10.03, which gives a possible trading interval of +/-$0.0013 (+/-0.01%) up or down from last closing price. If Social Capital Hedosophia Holdings Corp. VI takes out the full calculated possible swing range there will be an estimated 0.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.04 (0.10%) than the support at $10.01 (0.20%), 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 Social Capital Hedosophia Holdings Corp. VI stock A Buy?

Social Capital Hedosophia Holdings Corp. 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: 0.000 Open Broker Account

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Hold/Accumulate Unchanged

Predicted Opening Price for Social Capital Hedosophia Holdings Corp. VI of Friday, December 2, 2022

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

Fair opening price December 2, 2022 Current price
$10.03 $10.03 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.03 .
10.03 .
10.03 .
Current price: 10.03
Support 10.03 .
10.03 .
10.03 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
10.04 0.0997 %
Current price 10.03
Support 10.01 -0.199%
10.00 -0.299%
9.99 -0.399%

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About Social Capital Hedosophia Holdings Corp. VI

Social Capital Hedosophia Holdings Corp. VI does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. The company was incorporated in 2020 and is based in Menlo Park, California.... IPOF Profile

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