scPharmaceuticals Inc. Stock Forecast
scPharmaceuticals Inc. stock price ended at $4.35 on Friday, after losing 0.458%.
(Updated on Jun 28, 2024)
The scPharmaceuticals Inc. stock price fell by -0.458% on the last day (Friday, 28th Jun 2024) from $4.37 to $4.35. During the last trading day the stock fluctuated 4.77% from a day low at $4.19 to a day high of $4.39. The price has fallen in 6 of the last 10 days but is still up by 7.14% over the past 2 weeks. Volume has increased on the last day by 251 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 355 thousand shares were bought and sold for approximately $1.55 million.
The stock lies the upper part of a very wide and falling 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 $4.41 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.33% during the next 3 months and, with a 90% probability hold a price between $2.52 and $3.55 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SCPH Signals & Forecast
The scPharmaceuticals 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 $4.18 and $4.12. 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 Wednesday, June 26, 2024, and so far it has fallen -2.03%. 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 scPharmaceuticals Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.04 and $3.75. 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, scPharmaceuticals Inc. finds support just below today's level at $4.04. If this is broken, then the next support from accumulated volume will be at $3.75 and $3.52.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.200 between high and low, or 4.77%. For the last week, the stock has had daily average volatility of 6.83%.
Our recommended stop-loss: $4.23 (-2.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (SCPH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect scPharmaceuticals Inc. to open at $4.31, and during the day (based on 14 day Average True Range), to move between $4.06 and $4.64, which gives a possible trading interval of +/-$0.287 (+/-6.59%) up or down from last closing price. If scPharmaceuticals Inc. takes out the full calculated possible swing range there will be an estimated 13.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.44 (2.07%) than the support at $4.04 (7.13%), 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 scPharmaceuticals Inc. stock A Buy?
scPharmaceuticals Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.733 Hold/Accumulate Unchanged
Predicted Opening Price for scPharmaceuticals Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $4.31 ( 0.92%) | $4.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCPH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.51 | 3.68% |
| R2 | 4.43 | 1.92% |
| R1 | 4.39 | 0.84% |
| Price | 4.35 | |
| S1 | 4.23 | -2.68% |
| S2 | 4.19 | -3.76% |
| S3 | 4.11 | -5.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.57 | 5.06% |
| R2 | 4.50 | 3.45% |
| R1 | 4.44 | 2.07% |
| Price | 4.35 | |
| S1 | 4.04 | -7.13% |
| S2 | 3.75 | -13.79% |
| S3 | 3.52 | -19.08% |
FAQ
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