STRATEGIC ENV &; EGY Stock Forecast

Weaker technical forecast for STRATEGIC ENV &; EGY as stock downgraded to Sell Candidate.
(Updated on May 22, 2024)

SENR Signals & Forecast

There are few to no technical positive signals at the moment. The STRATEGIC ENV &; EGY 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 $0.0838 and $0.0952. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 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 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 STRATEGIC ENV &; EGY stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0733 and $0.0727. 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 $0.0733. If this is broken, then the next support from accumulated volume will be at $0.0727 and $0.0680.

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 2.98%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SENR) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect STRATEGIC ENV &; EGY to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0693 and $0.0907, which gives a possible trading interval of +/-$0.0107 (+/-13.43%) up or down from last closing price. If STRATEGIC ENV &; EGY takes out the full calculated possible swing range there will be an estimated 26.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0830 (3.75%) than the support at $0.0733 (8.44%), 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 STRATEGIC ENV &; EGY stock A Buy?

The STRATEGIC ENV &; EGY stock holds several negative signals and despite the positive trend, we believe STRATEGIC ENV &; EGY will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.

Current score: -3.900 Sell Candidate Downgraded

Predicted Opening Price for STRATEGIC ENV &; EGY of Thursday, May 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.