Ses Ai Corporation Stock Forecast
Ses Ai Corporation stock price up 1.59% on Thursday
(Updated on Apr 25, 2024)
The Ses Ai Corporation stock price gained 1.59% on the last trading day (Thursday, 25th Apr 2024), rising from $1.26 to $1.28. During the last trading day the stock fluctuated 7.44% from a day low at $1.21 to a day high of $1.30. The price has fallen in 6 of the last 10 days and is down by -8.57% for this period. Volume fell on the last day by -310 thousand shares and in total, 493 thousand shares were bought and sold for approximately $631.47 thousand. 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 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 $1.16 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 6.49% during the next 3 months and, with a 90% probability hold a price between $1.23 and $1.96 at the end of this 3-month period.
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SES Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 11.30%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ses Ai Corporation 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 $1.29 and $1.51. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for Ses Ai Corporation stock
Ses Ai Corporation finds support from accumulated volume at $1.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 7.44%. For the last week the stock has had daily average volatility of 12.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SES) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ses Ai Corporation to open at $1.26, and during the day (based on 14 day Average True Range), to move between $1.13 and $1.43, which gives a possible trading interval of +/-$0.147 (+/-11.45%) up or down from last closing price. If Ses Ai Corporation takes out the full calculated possible swing range there will be an estimated 22.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.29 (0.78%) than the support at $1.26 (1.56%), 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.
Earnings coming up
Ses Ai Corporation will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0500. We will update the financials statements for Ses Ai Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.26% in the first trading day after earnings release.
Is Ses Ai Corporation stock A Buy?
The Ses Ai Corporation stock holds several negative signals and despite the positive trend, we believe Ses Ai Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.446 Sell Candidate Unchanged
Predicted Opening Price for Ses Ai Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.26 ( 1.30%) | $1.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SES
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.35 | 5.73 % | |
| R2 | 1.32 | 3.04 % | ||
| R1 | 1.30 | 1.38 % | ||
| Current price: | 1.28 | |||
| Support | S1 | 1.23 | -3.99 % | |
| S2 | 1.21 | -5.65 % | ||
| S3 | 1.17 | -8.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.54 | 20.31 % | |
| R2 | 1.36 | 6.25 % | ||
| R1 | 1.29 | 0.781 % | ||
| Current price | 1.28 | |||
| Support | S1 | 1.26 | -1.56% | |
| S2 | 1.18 | -7.81% | ||
| S3 | 1.15 | -10.16% |
FAQ
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