Silverbox Corp Iii Stock Forecast
Silverbox Corp Iii stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Silverbox Corp Iii stock price gained 0.0945% on the last trading day (Tuesday, 25th Jun 2024), rising from $10.58 to $10.59. During the last trading day the stock fluctuated 0.0009% from a day low at $10.59 to a day high of $10.59. The price has risen in 4 of the last 10 days and is up by 0.13% 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, 40 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately $424.66 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $10.58 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Silverbox Corp Iii stock with a 90% probability to be traded between $10.68 and $10.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SBXC Signals & Forecast
The Silverbox Corp Iii stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.59. On a fall, the stock will find some support from the long-term average at approximately $10.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Silverbox Corp Iii 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. Higher liquidity also reduces the general risk. 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 Tuesday, June 18, 2024, and so far it has fallen -0.563%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Silverbox Corp Iii stock
Silverbox Corp Iii finds support from accumulated volume at $10.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.00010000 between high and low, or 0.0009%. For the last week the stock has had daily average volatility of 0.0569%.
Our recommended stop-loss: $9.90 (-6.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (SBXC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Silverbox Corp Iii to open at $10.59, and during the day (based on 14 day Average True Range), to move between $10.57 and $10.61, which gives a possible trading interval of +/-$0.0202 (+/-0.19%) up or down from last closing price. If Silverbox Corp Iii takes out the full calculated possible swing range there will be an estimated 0.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.60 (0.09%) than the support at $10.56 (0.28%), 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 Silverbox Corp Iii stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Silverbox Corp Iii stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.410 Buy Candidate Upgraded
Predicted Opening Price for Silverbox Corp Iii of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $10.59 ( 0.0003%) | $10.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBXC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.59 | 0.0006% |
| R2 | 10.59 | 0.0003% |
| R1 | 10.59 | 0.00004596% |
| Price | 10.59 | |
| S1 | 10.59 | -0.0007% |
| S2 | 10.59 | -0.0009% |
| S3 | 10.59 | -0.0013% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 10.65 | 0.567% |
| R1 | 10.60 | 0.0944% |
| Price | 10.59 | |
| S1 | 10.56 | -0.283% |
| S2 | 10.53 | -0.567% |
| S3 | 10.51 | -0.755% |
FAQ
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