SGD Holdings, Ltd. Stock Forecast

SGD Holdings, Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)

SGDH Signals & Forecast

There are few to no technical positive signals at the moment. The SGD Holdings, Ltd. 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 $0.0043 and $0.0045. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 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 SGD Holdings, Ltd. stock

SGD Holdings, Ltd. finds support from accumulated volume at $0.0041 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 22.43%

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

Trading Expectations (SGDH) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect SGD Holdings, Ltd. to open at $0.0043, and during the day (based on 14 day Average True Range), to move between $0.0034 and $0.0052, which gives a possible trading interval of +/-$0.0009 (+/-20.20%) up or down from last closing price. If SGD Holdings, Ltd. takes out the full calculated possible swing range there will be an estimated 40.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0045 (4.65%) than the support at $0.0041 (4.65%), 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 SGD Holdings, Ltd. stock A Buy?

SGD Holdings, Ltd. 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 Hold/Accumulate to a Sell candidate.

Current score: -2.665 Sell Candidate Downgraded

Predicted Opening Price for SGD Holdings, Ltd. of Wednesday, April 24, 2024

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