Swiftmerge Acquisition Corp. Stock Forecast

Big movements in Swiftmerge Acquisition Corp. stock price on Tuesday moving 30.00% between high and low
(Updated on Jun 25, 2024)

IVCPW Signals & Forecast

There are few to no technical positive signals at the moment. The Swiftmerge Acquisition Corp. 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 $0.0622 and $0.0621. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -37.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Swiftmerge Acquisition Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0123 between high and low, or 30.00%. For the last week the stock has had daily average volatility of 17.56%.

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

Trading Expectations (IVCPW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Swiftmerge Acquisition Corp. to open at $0.0451, and during the day (based on 14 day Average True Range), to move between $0.0263 and $0.0557, which gives a possible trading interval of +/-$0.0147 (+/-35.77%) up or down from last closing price. If Swiftmerge Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 71.54% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0500, some $0.0090 (21.95%) from the current price of $0.0410, our system finds the risk reward not very attractive.

Is Swiftmerge Acquisition Corp. stock A Buy?

The Swiftmerge Acquisition Corp. stock holds several negative signals and despite the positive trend, we believe Swiftmerge Acquisition Corp. 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 Hold/Accumulate to a Strong Sell candidate.

Current score: -5.844 Strong Sell Candidate Downgraded

Predicted Opening Price for Swiftmerge Acquisition Corp. of Wednesday, June 26, 2024

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