Spectra7 Microsystems Inc. Stock Forecast

Spectra7 Microsystems Inc. stock price down 0% on Friday
(Updated on Jun 28, 2024)

SEV.V Signals & Forecast

The Spectra7 Microsystems Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.144. On a fall, the stock will find some support from the long-term average at approximately $0.131. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 40.00%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Spectra7 Microsystems Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.130 and $0.125. 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, Spectra7 Microsystems Inc. finds support just below today's level at $0.130. If this is broken, then the next support from accumulated volume will be at $0.125 and $0.120.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0050 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 2.17%.

Our recommended stop-loss: $0.134 (-4.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 91 days ago.)

Trading Expectations (SEV.V) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Spectra7 Microsystems Inc. to open at $0.138, and during the day (based on 14 day Average True Range), to move between $0.132 and $0.148, which gives a possible trading interval of +/-$0.0079 (+/-5.68%) up or down from last closing price. If Spectra7 Microsystems Inc. takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.145 (3.57%) than the support at $0.130 (7.14%), 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 Spectra7 Microsystems Inc. stock A Buy?

Spectra7 Microsystems Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Spectra7 Microsystems Inc. of Tuesday, July 2, 2024

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