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Shift Technologies, Inc. Stock Forecast NASDAQ:SFT

$4.17 (-4.14%)

Volume: 4M

Closed: Dec 07, 2021

Hollow Logo Score: -5.642

Shift Technologies, Inc. Stock Forecast

$4.17 (-4.14%)

Volume: 4M

Closed: Dec 07, 2021

Score Hollow Logo -5.642
Which way will SFT go? Request
Key Stats
Beta 1.54
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 80 ] RSI14 is 13 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Weaker technical forecast for Shift Technologies, Inc. as stock downgraded to Strong Sell Candidate.
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-09 Loss -40.85%

The Shift Technologies, Inc. stock price fell by -4.14% on the last day (Tuesday, 7th Dec 2021) from $4.35 to $4.17. During the day the stock fluctuated 6.51% from a day low at $4.15 to a day high of $4.42. The price has fallen in 6 of the last 10 days and is down by -16.27% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $16.04 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($4.44) are considered to be a "second chance" to get out. According to the fan-theory $2.61 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Shift Technologies, Inc. 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 $4.38 and $6.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -44.10%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.27 between high and low, or 6.51%. For the last week, the stock has had a daily average volatility of 8.26%.

Shift Technologies, Inc. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is Shift Technologies, Inc. stock A Buy?

Shift Technologies, Inc. holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -5.642

Predicted Opening Price for Shift Technologies, Inc. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$4.25 $4.17 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Dec 03, 2021 "Wells Fargo & Company" gave "$14.00 - $9.00" rating for SFT. The price target was changed from $4.26 to 3.0%.

Volatility and Risk
Daily Average Volatility: 8.26 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.26 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $4.32
Price: $4.17
No Support Found

SFT Insider Trading Show all Trades

INSIDER POWER

2.572

Last 100 transactions
Buy: 30 570 689 | Sell: 11 884 808 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Buy 25 000 Gupta Karan Performance Stock Units
Dec 02, 2021 Buy 75 000 Gupta Karan Class A Common Stock
Dec 02, 2021 Buy 165 000 Lawrence Ryan Class A Common Stock
Dec 02, 2021 Buy 31 250 Foy Sean Performance Stock Units
Dec 02, 2021 Buy 93 750 Foy Sean Class A Common Stock
Show all Insider Trades
INSIDER POWER

2.572

Last 100 transactions
Buy: 30 570 689 | Sell: 11 884 808 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.52 8.31 %
4.41 5.84 %
4.35 4.31 %
Current price: 4.17
Support 4.14 -0.63 %
4.08 -2.16 %
3.98 -4.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 4.75 13.91 %
4.61 10.55 %
4.32 3.60 %
Current price 4.17
Support 0 .
0 .
0 .

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