Spectral AI, Inc. Stock Forecast
Spectral AI, Inc. stock price up 0.543% on Friday
(Updated on Apr 26, 2024)
The Spectral AI, Inc. stock price gained 0.543% on the last trading day (Friday, 26th Apr 2024), rising from $1.84 to $1.85. During the last trading day the stock fluctuated 4.42% from a day low at $1.81 to a day high of $1.89. The price has fallen in 6 of the last 10 days and is down by -7.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 93 thousand shares were bought and sold for approximately $172.28 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.66 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.91% during the next 3 months and, with a 90% probability hold a price between $1.59 and $2.67 at the end of this 3-month period.
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MDAI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.21%. Further rise is indicated until a new top pivot has been found. Spectral AI, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Spectral AI, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.17. On a fall, the stock will find some support from the short-term average at $1.84. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Spectral AI, Inc. stock
Spectral AI, Inc. finds support from accumulated volume at $1.83 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 4.42%. For the last week, the stock has had daily average volatility of 3.87%.
Spectral AI, Inc. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MDAI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Spectral AI, Inc. to open at $1.85, and during the day (based on 14 day Average True Range), to move between $1.69 and $2.01, which gives a possible trading interval of +/-$0.160 (+/-8.67%) up or down from last closing price. If Spectral AI, Inc. takes out the full calculated possible swing range there will be an estimated 17.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.83 (1.08%) than the resistance at $2.09 (12.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Spectral AI, Inc. stock A Buy?
Spectral AI, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.434 Sell Candidate Unchanged
Predicted Opening Price for Spectral AI, Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$1.85 ( 0.00000000%) | $1.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDAI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.93 | 4.32 % | |
R2 | 1.90 | 2.67 % | ||
R1 | 1.88 | 1.65 % | ||
Current price: | 1.85 | |||
Support | S1 | 1.82 | -1.65 % | |
S2 | 1.80 | -2.67 % | ||
S3 | 1.77 | -4.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.24 | 21.08 % | |
R2 | 2.11 | 14.05 % | ||
R1 | 2.09 | 12.97 % | ||
Current price | 1.85 | |||
Support | S1 | 1.83 | -1.08% | |
S2 | 1.81 | -2.16% | ||
S3 | 1.72 | -7.03% |
FAQ
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