Swiftmerge Acquisition Corp. Stock Forecast

Big movements in Swiftmerge Acquisition Corp. stock price on Friday moving 14.61% between high and low
(Updated on Jun 28, 2024)

IVCPW Signals & Forecast

The Swiftmerge Acquisition Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0507 and $0.0622. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 79.43%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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

On the downside, the stock finds support just below today's level from accumulated volume at $0.0656 and $0.0652. 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, Swiftmerge Acquisition Corp. finds support just below today's level at $0.0656. If this is broken, then the next support from accumulated volume will be at $0.0652 and $0.0650.

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 $0.0102 between high and low, or 14.61%. For the last week the stock has had daily average volatility of 18.54%.

Our recommended stop-loss: $0.0672 (-3.66%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (IVCPW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Swiftmerge Acquisition Corp. to open at $0.0732, and during the day (based on 14 day Average True Range), to move between $0.0547 and $0.0849, which gives a possible trading interval of +/-$0.0151 (+/-21.62%) up or down from last closing price. If Swiftmerge Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 43.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0656 (6.02%) than the resistance at $0.0798 (14.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Swiftmerge Acquisition Corp. stock A Buy?

Swiftmerge Acquisition 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.298 Hold/Accumulate Upgraded

Predicted Opening Price for Swiftmerge Acquisition Corp. of Monday, July 1, 2024

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