Sharecare, Inc. Stock Forecast

Sharecare, Inc. stock price down 0% on Friday
(Updated on Sep 13, 2024)

SHCR Signals & Forecast

The Sharecare, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.40 and $1.39. A breakdown below any of these levels will issue sell signals. 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". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, September 12, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Sharecare, Inc. stock

Sharecare, Inc. finds support from accumulated volume at $1.38 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0100 between high and low, or 0.714%. For the last week the stock has had daily average volatility of 0.714%.

Our recommended stop-loss: $1.35 (-3.34%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SHCR) For The Upcoming Trading Day Of Monday 16th

For the upcoming trading day on Monday, 16th we expect Sharecare, Inc. to open at $1.40, and during the day (based on 14 day Average True Range), to move between $1.39 and $1.41, which gives a possible trading interval of +/-$0.0129 (+/-0.92%) up or down from last closing price. If Sharecare, Inc. takes out the full calculated possible swing range there will be an estimated 1.84% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1.38, some $0.0200 (1.43%) from the current price of $1.40, our system finds the risk reward attractive.

Is Sharecare, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sharecare, Inc. stock to perform well in the short-term.

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Current score: 1.517 Buy Candidate Unchanged

Predicted Opening Price for Sharecare, Inc. of Monday, September 16, 2024

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