Seven Arts Entertainment, Inc. Stock Forecast
Big movements in Seven Arts Entertainment, Inc. stock price on Thursday moving 50.00% between high and low
(Updated on Mar 28, 2024)
The Seven Arts Entertainment, Inc. stock price gained 15.79% on the last trading day (Thursday, 28th Mar 2024), rising from $0.0010 to $0.0011. During the last trading day the stock fluctuated 50.00% from a day low at $0.0008 to a day high of $0.0012. The price has risen in 4 of the last 10 days and is up by 120% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately $28.27 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0011 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 31.25% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0015 at the end of this 3-month period.
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SAPX Signals & Forecast
The Seven Arts Entertainment, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0009 and $0.0006. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Seven Arts Entertainment, 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Seven Arts Entertainment, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0010 and $0.0010. 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, Seven Arts Entertainment, Inc. finds support just below today's level at $0.0010. If this is broken, then the next support from accumulated volume will be at $0.0010 and $0.0009.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0004 between high and low, or 50.00%. For the last week, the stock has had daily average volatility of 40.23%.
Our recommended stop-loss: $0.0011 (-3.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SAPX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Seven Arts Entertainment, Inc. to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0013, which gives a possible trading interval of +/-$0.0002 (+/-17.40%) up or down from last closing price. If Seven Arts Entertainment, Inc. takes out the full calculated possible swing range there will be an estimated 34.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0010, some $0.0001 (9.09%) from the current price of $0.0011, our system finds the risk reward attractive.
Is Seven Arts Entertainment, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Seven Arts Entertainment, Inc. stock to perform well in the short-term.
Current score: 2.864 Buy Candidate Unchanged
Predicted Opening Price for Seven Arts Entertainment, Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.0010 ( 6.06%) | $0.0011 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAPX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0014 | 30.30 % | |
R2 | 0.0013 | 16.41 % | ||
R1 | 0.0012 | 7.83 % | ||
Current price: | 0.0011 | |||
Support | S1 | 0.0009 | -19.95 % | |
S2 | 0.0008 | -28.53 % | ||
S3 | 0.0006 | -42.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0011 | |||
Support | S1 | 0.0010 | -9.09% | |
S2 | 0.0010 | -13.64% | ||
S3 | 0.0009 | -18.18% |
FAQ
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