Surface Transforms Stock Forecast

Big movements in Surface Transforms stock price on Thursday moving 35.56% between high and low
(Updated on May 02, 2024)

SCE.L Signals & Forecast

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 Surface Transforms 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 £2.68 and £6.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -89.51%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Surface Transforms stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £0.320 between high and low, or 35.56%. For the last week, the stock has had daily average volatility of 11.39%.

Surface Transforms is oversold on RSI14 (4). 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 (SCE.L) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Surface Transforms to open at £1.07, and during the day (based on 14 day Average True Range), to move between £0.576 and £1.57, which gives a possible trading interval of +/-£0.499 (+/-46.40%) up or down from last closing price. If Surface Transforms takes out the full calculated possible swing range there will be an estimated 92.81% move between the lowest and the highest trading price during the day.

Is Surface Transforms stock A Buy?

Surface Transforms holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -8.250 Strong Sell Candidate Unchanged

Predicted Opening Price for Surface Transforms of Friday, May 3, 2024

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