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AI Analysis of SAPX
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Big movements in Seven Arts Entertainment, Inc. stock price on Thursday moving 50.00% between high and low
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 57.14% PDF

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

What is the symbol for Seven Arts Entertainment, Inc. Stock and on which exchange is it traded?
The symbol for Seven Arts Entertainment, Inc. is SAPX and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell Seven Arts Entertainment, Inc. Stock?
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.

How to buy Seven Arts Entertainment, Inc. Stock?
Seven Arts Entertainment, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Seven Arts Entertainment, Inc. Stock.

What's the current price of Seven Arts Entertainment, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Seven Arts Entertainment, Inc. (SAPX) share was $0.0011.

What is the 52-week high and low for Seven Arts Entertainment, Inc. Stock?
The 52-week high for Seven Arts Entertainment, Inc. Stock is $0.0012 and the 52-week low is $0.0003.

What is the market capitalization of Seven Arts Entertainment, Inc. Stock?
As of the 2024-03-28, the market capitalization of Seven Arts Entertainment, Inc. is 2.242M.
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About Seven Arts Entertainment, Inc.

Seven Arts Entertainment. Seven Arts Entertainment, Inc. operates as an independent motion picture production and distribution company. It acquires, develops, finances, produces, and licenses theatrical motion pictures for exhibition in theatrical markets worldwide. The company also provides its motion pictures in other forms of media, including home video, and pays and frees television. It owns interests in approximately 39 completed motion pictures. In addition, the com... SAPX Profile

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