Sustainable Green Team, Ltd. Stock Forecast
A very red day for Sustainable Green Team, Ltd. stock price after a -5.26% fall in the Tuesday trading session
(Updated on Jun 25, 2024)
The Sustainable Green Team, Ltd. stock price fell by -5.26% on the last day (Tuesday, 25th Jun 2024) from $0.760 to $0.720. During the last trading day the stock fluctuated 0% from a day low at $0.720 to a day high of $0.720. The price has been going up and down for this period, and there has been a 30.91% gain for the last 2 weeks. Volume has increased on the last day by 304 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, 650 shares were bought and sold for approximately $468.00 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SGTM Signals & Forecast
There are mixed signals in the stock today. The Sustainable Green Team, Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.729. On a fall, the stock will find some support from the short-term average at $0.689. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -76.00%. Further fall is indicated until a new bottom pivot has been found. Sustainable Green Team, Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sustainable Green Team, Ltd. stock
Sustainable Green Team, Ltd. finds support from accumulated volume at $0.701 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 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 13.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SGTM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sustainable Green Team, Ltd. to open at $0.720, and during the day (based on 14 day Average True Range), to move between $0.597 and $0.84, which gives a possible trading interval of +/-$0.123 (+/-17.11%) up or down from last closing price. If Sustainable Green Team, Ltd. takes out the full calculated possible swing range there will be an estimated 34.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.701 (2.64%) than the resistance at $0.80 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sustainable Green Team, Ltd. stock A Buy?
Sustainable Green Team, Ltd. holds several negative signals and we believe that 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: -1.914 Sell Candidate Downgraded
Predicted Opening Price for Sustainable Green Team, Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.720 ( 0.00000000%) | $0.720 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGTM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.720 | 0.00000000% |
| R2 | 0.720 | 0.00000000% |
| R1 | 0.720 | 0.00000000% |
| Price | 0.720 | |
| S1 | 0.720 | 0.00000000% |
| S2 | 0.720 | 0.00000000% |
| S3 | 0.720 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.85 | 18.06% |
| R2 | 0.82 | 13.89% |
| R1 | 0.80 | 11.11% |
| Price | 0.720 | |
| S1 | 0.701 | -2.64% |
| S2 | 0.700 | -2.78% |
| S3 | 0.680 | -5.56% |
FAQ
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