Seven Arts Entertainment, Inc. Stock Forecast
Volatile ride for Seven Arts Entertainment, Inc. stock price on Tuesday moving between $0.0007 and $0.0008
(Updated on Jul 02, 2024)
The Seven Arts Entertainment, Inc. stock price gained 14.29% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0007 to $0.0008. During the last trading day the stock fluctuated 14.29% from a day low at $0.0007 to a day high of $0.0008. The price has been going up and down for this period, and there has been a 14.29% gain for the last 2 weeks. Volume fell on the last day by -4 million shares and in total, 2 million shares were bought and sold for approximately $1.34 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.79% during the next 3 months and, with a 90% probability hold a price between $0.0004 and $0.0009 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, 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 $0.0008 and $0.0008. 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). 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 Friday, June 14, 2024, and so far it has fallen -11.11%. Further fall is indicated until a new bottom pivot has been found. 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 Seven Arts Entertainment, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0008 and $0.0007. 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 $0.0008. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0007.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 14.29%. For the last week the stock has had daily average volatility of 5.71%.
Our recommended stop-loss: $0.0008 (-5.50%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 58 days ago.)
Trading Expectations (SAPX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Seven Arts Entertainment, Inc. to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0009, which gives a possible trading interval of +/-$0.00009608 (+/-12.01%) 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 24.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0009 (6.25%) than the support at $0.0008 (6.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Seven Arts Entertainment, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.240 Buy Candidate Upgraded
Predicted Opening Price for Seven Arts Entertainment, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0008 ( 4.17%) | $0.0008 |
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 | |
|---|---|---|
| R3 | 0.0009 | 8.33% |
| R2 | 0.0008 | 3.56% |
| R1 | 0.0008 | 0.608% |
| Price | 0.0008 | |
| S1 | 0.0007 | -8.94% |
| S2 | 0.0007 | -11.89% |
| S3 | 0.0007 | -16.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0009 | 17.50% |
| R2 | 0.0009 | 12.50% |
| R1 | 0.0009 | 6.25% |
| Price | 0.0008 | |
| S1 | 0.0008 | -6.25% |
| S2 | 0.0007 | -7.50% |
| S3 | 0.0007 | -12.50% |
FAQ
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