374water, Inc. Stock Forecast
374water, Inc. stock price ended at $1.17 on Monday, after losing 0%.
(Updated on Jun 17, 2024)
No changes to the price of 374water, Inc. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 4.46% from a day low at $1.12 to a day high of $1.17. The price has fallen in 4 of the last 10 days but is still up by 0.43% over the past 2 weeks.
The stock is at the lower part of a very wide 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 $1.16 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect 374water, Inc. stock with a 90% probability to be traded between $1.14 and $1.59 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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SCWO Signals & Forecast
There are mixed signals in the stock today. The 374water, 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 $1.18 and $1.32. 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. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.86%. 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).
Support, Risk & Stop-loss for 374water, Inc. stock
374water, Inc. finds support from accumulated volume at $1.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0500 between high and low, or 4.46%. For the last week the stock has had daily average volatility of 4.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCWO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect 374water, Inc. to open at $1.15, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.24, which gives a possible trading interval of +/-$0.0740 (+/-6.32%) up or down from last closing price. If 374water, Inc. takes out the full calculated possible swing range there will be an estimated 12.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.17 (0.43%) than the resistance at $1.22 (4.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 374water, Inc. stock A Buy?
374water, 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: -3.231 Sell Candidate Unchanged
Predicted Opening Price for 374water, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $1.15 ( 1.42%) | $1.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCWO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.20 | 2.85% |
| R2 | 1.18 | 1.22% |
| R1 | 1.17 | 0.208% |
| Price | 1.17 | |
| S1 | 1.13 | -3.06% |
| S2 | 1.12 | -4.07% |
| S3 | 1.10 | -5.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.26 | 7.69% |
| R2 | 1.23 | 5.13% |
| R1 | 1.22 | 4.27% |
| Price | 1.17 | |
| S1 | 1.17 | -0.427% |
| S2 | 1.16 | -0.85% |
| S3 | 0 | - |
FAQ
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