STRATEGIC ENV &; EGY Stock Forecast
STRATEGIC ENV &; EGY stock price up more than 10.00% on Friday
(Updated on May 03, 2024)
The STRATEGIC ENV &; EGY stock price gained 10.00% on the last trading day (Friday, 3rd May 2024), rising from $0.100 to $0.110. During the last trading day the stock fluctuated 0% from a day low at $0.110 to a day high of $0.110. The price has been going up and down for this period, and there has been a 22.22% gain for the last 2 weeks. Volume fell on the last day by -115 thousand shares and in total, 5 thousand shares were bought and sold for approximately $550.22 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and strong rising 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 $0.112 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 101.50% during the next 3 months and, with a 90% probability hold a price between $0.174 and $0.225 at the end of this 3-month period.
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SENR Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The STRATEGIC ENV &; EGY 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 $0.109 and $0.0795. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for STRATEGIC ENV &; EGY stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.100 and $0.0850. 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, STRATEGIC ENV &; EGY finds support just below today's level at $0.100. If this is broken, then the next support from accumulated volume will be at $0.0850 and $0.0830.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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: $0.106 (-3.34%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SENR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect STRATEGIC ENV &; EGY to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.0988 and $0.121, which gives a possible trading interval of +/-$0.0112 (+/-10.20%) up or down from last closing price. If STRATEGIC ENV &; EGY takes out the full calculated possible swing range there will be an estimated 20.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.100, some $0.0100 (9.09%) from the current price of $0.110, our system finds the risk reward attractive.
Is STRATEGIC ENV &; EGY stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for STRATEGIC ENV &; EGY stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.683 Buy Candidate Upgraded
Predicted Opening Price for STRATEGIC ENV &; EGY of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.110 ( 0%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SENR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.110 | . | |
| R2 | 0.110 | . | ||
| R1 | 0.110 | . | ||
| Current price: | 0.110 | |||
| Support | S1 | 0.110 | . | |
| S2 | 0.110 | . | ||
| S3 | 0.110 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.110 | |||
| Support | S1 | 0.100 | -9.09% | |
| S2 | 0.0850 | -22.73% | ||
| S3 | 0.0830 | -24.55% |
FAQ
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