Sharecare, Inc. Stock Forecast
Big movements in Sharecare, Inc. stock price on Tuesday moving 11.75% between high and low
(Updated on Apr 23, 2024)
The Sharecare, Inc. stock price gained 4.73% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.697 to $0.730. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 11.75% from a day low at $0.680 to a day high of $0.760. The price has fallen in 6 of the last 10 days and is down by -1.02% for this period. Volume fell on the last day by -860 thousand shares and in total, 2 million shares were bought and sold for approximately $1.43 million. 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 stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.712, a level that may pose a second chance to hit a runner. According to fan-theory $1.00 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SHCR Signals & Forecast
There are mixed signals in the stock today. The Sharecare, Inc. 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 $0.81. On a fall, the stock will find some support from the short-term average at $0.680. 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 08, 2024, and so far it has fallen -8.60%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sharecare, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.655 and $0.638. 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, Sharecare, Inc. finds support just below today's level at $0.655. If this is broken, then the next support from accumulated volume will be at $0.638 and $0.550.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0799 between high and low, or 11.75%. For the last week the stock has had daily average volatility of 10.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHCR) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Sharecare, Inc. to open at $0.723, and during the day (based on 14 day Average True Range), to move between $0.643 and $0.82, which gives a possible trading interval of +/-$0.0877 (+/-12.00%) up or down from last closing price. If Sharecare, Inc. takes out the full calculated possible swing range there will be an estimated 24.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.768 (5.11%) than the support at $0.655 (10.30%), 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 Sharecare, Inc. stock A Buy?
Sharecare, Inc. 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.
Current score: -3.235 Sell Candidate Unchanged
Predicted Opening Price for Sharecare, Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.723 ( 0.94%) | $0.730 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHCR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.80 | 10.01 % | |
| R2 | 0.773 | 5.83 % | ||
| R1 | 0.754 | 3.24 % | ||
| Current price: | 0.730 | |||
| Support | S1 | 0.693 | -5.12 % | |
| S2 | 0.674 | -7.70 % | ||
| S3 | 0.643 | -11.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 22.91 % | |
| R2 | 0.87 | 18.50 % | ||
| R1 | 0.768 | 5.11 % | ||
| Current price | 0.730 | |||
| Support | S1 | 0.655 | -10.30% | |
| S2 | 0.638 | -12.68% | ||
| S3 | 0.550 | -24.62% |
FAQ
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