Splash Beverage Group Inc Stock Forecast

Red day on Thursday for Splash Beverage Group Inc
(Updated on Apr 18, 2024)

SBEV Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. 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. The Splash Beverage Group Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.333 and $0.466. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Splash Beverage Group Inc stock

Splash Beverage Group Inc finds support from accumulated volume at $0.332 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0104 between high and low, or 3.15%. For the last week the stock has had daily average volatility of 7.19%.

Splash Beverage Group Inc is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SBEV) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Splash Beverage Group Inc to open at $0.334, and during the day (based on 14 day Average True Range), to move between $0.290 and $0.376, which gives a possible trading interval of +/-$0.0428 (+/-12.85%) up or down from last closing price. If Splash Beverage Group Inc takes out the full calculated possible swing range there will be an estimated 25.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.332 (0.33%) than the resistance at $0.367 (10.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Splash Beverage Group Inc stock A Buy?

Splash Beverage Group 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: -5.139 Strong Sell Candidate Unchanged

Predicted Opening Price for Splash Beverage Group Inc of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.