Screaming Eagle Acquisition Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Screaming Eagle Acquisition Corp. stock after losing 0%
(Updated on May 14, 2024)
No changes to the price of Screaming Eagle Acquisition Corp. stock on the last trading day (Tuesday, 14th May 2024). During the last trading day the stock fluctuated 0% from a day low at $10.18 to a day high of $10.18. The price has fallen in 6 of the last 10 days and is down by -5.21% for this period.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.52% during the next 3 months and, with a 90% probability hold a price between $10.19 and $12.86 at the end of this 3-month period.
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SCRM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has fallen 0%. 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 Screaming Eagle Acquisition Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $11.11 and $10.80. 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 Screaming Eagle Acquisition Corp. stock
Screaming Eagle Acquisition Corp. finds support from accumulated volume at $9.90 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 12.55%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCRM) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Screaming Eagle Acquisition Corp. to open at $10.18, and during the day (based on 14 day Average True Range), to move between $9.52 and $10.84, which gives a possible trading interval of +/-$0.661 (+/-6.50%) up or down from last closing price. If Screaming Eagle Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 12.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.90 (2.75%) than the resistance at $10.68 (4.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Screaming Eagle Acquisition Corp. stock A Buy?
Screaming Eagle Acquisition Corp. 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: -1.137 Sell Candidate Unchanged
Predicted Opening Price for Screaming Eagle Acquisition Corp. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $10.18 ( 0%) | $10.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCRM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.18 | . | |
| R2 | 10.18 | . | ||
| R1 | 10.18 | . | ||
| Current price: | 10.18 | |||
| Support | S1 | 10.18 | . | |
| S2 | 10.18 | . | ||
| S3 | 10.18 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.77 | 5.80 % | |
| R2 | 10.74 | 5.50 % | ||
| R1 | 10.68 | 4.91 % | ||
| Current price | 10.18 | |||
| Support | S1 | 9.90 | -2.75% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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