Sdcl Edge Acquisition Corporation 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
Sdcl Edge Acquisition Corporation stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
No changes to the price of Sdcl Edge Acquisition Corporation stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $11.14 to a day high of $11.14. The price has been going up and down for this period, and there has been a 0.45% gain for the last 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $11.14 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Sdcl Edge Acquisition Corporation stock with a 90% probability to be traded between $11.00 and $11.14 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SEDA Signals & Forecast
The Sdcl Edge Acquisition Corporation 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 $11.07 and $11.07. 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Sdcl Edge Acquisition Corporation stock
Sdcl Edge Acquisition Corporation finds support from accumulated volume at $11.09 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 2.22%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SEDA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sdcl Edge Acquisition Corporation to open at $11.14, and during the day (based on 14 day Average True Range), to move between $10.98 and $11.30, which gives a possible trading interval of +/-$0.162 (+/-1.46%) up or down from last closing price. If Sdcl Edge Acquisition Corporation takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.09, some $0.0500 (0.45%) from the current price of $11.14, our system finds the risk reward attractive.
Is Sdcl Edge Acquisition Corporation stock A Buy?
Sdcl Edge Acquisition Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.875 Sell Candidate Downgraded
Predicted Opening Price for Sdcl Edge Acquisition Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $11.14 ( 0%) | $11.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEDA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.14 | - |
| R2 | 11.14 | - |
| R1 | 11.14 | - |
| Price | 11.14 | |
| S1 | 11.14 | - |
| S2 | 11.14 | - |
| S3 | 11.14 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 11.14 | |
| S1 | 11.09 | -0.449% |
| S2 | 11.08 | -0.539% |
| S3 | 11.07 | -0.628% |
FAQ
Click here for our free guide on how to buy Sdcl Edge Acquisition Corporation Stock.
