Singular Genomics Systems, Inc. Stock Forecast
Singular Genomics Systems, Inc. stock price ended at $0.514 on Thursday, after losing 0.503%.
(Updated on Mar 28, 2024)
The Singular Genomics Systems, Inc. stock price fell by -0.503% on the last day (Thursday, 28th Mar 2024) from $0.517 to $0.514. During the last trading day the stock fluctuated 4.11% from a day low at $0.512 to a day high of $0.533. The price has been going up and down for this period, and there has been a 2.61% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -54 thousand shares and in total, 56 thousand shares were bought and sold for approximately $29.04 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.487 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.90% during the next 3 months and, with a 90% probability hold a price between $0.583 and $0.780 at the end of this 3-month period.
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OMIC Signals & Forecast
There are mixed signals in the stock today. The Singular Genomics Systems, 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 $0.536. On a fall, the stock will find some support from the short-term average at $0.511. 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. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -15.70%. 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 Singular Genomics Systems, Inc. stock
Singular Genomics Systems, Inc. finds support from accumulated volume at $0.510 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0210 between high and low, or 4.11%. For the last week the stock has had daily average volatility of 6.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OMIC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Singular Genomics Systems, Inc. to open at $0.519, and during the day (based on 14 day Average True Range), to move between $0.469 and $0.559, which gives a possible trading interval of +/-$0.0453 (+/-8.81%) up or down from last closing price. If Singular Genomics Systems, Inc. takes out the full calculated possible swing range there will be an estimated 17.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.510 (0.74%) than the resistance at $0.560 (8.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Singular Genomics Systems, Inc. stock A Buy?
Singular Genomics Systems, 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: -3.136 Sell Candidate Unchanged
Predicted Opening Price for Singular Genomics Systems, Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.519 ( 1.01%) | $0.514 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OMIC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.540 | 5.10 % | |
R2 | 0.532 | 3.54 % | ||
R1 | 0.527 | 2.57 % | ||
Current price: | 0.514 | |||
Support | S1 | 0.511 | -0.549 % | |
S2 | 0.506 | -1.51 % | ||
S3 | 0.498 | -3.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.610 | 18.63 % | |
R2 | 0.579 | 12.60 % | ||
R1 | 0.560 | 8.91 % | ||
Current price | 0.514 | |||
Support | S1 | 0.510 | -0.739% | |
S2 | 0.501 | -2.55% | ||
S3 | 0.485 | -5.68% |
FAQ
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