Sidus Space Stock Forecast
Red day on Friday for Sidus Space
(Updated on May 10, 2024)
The Sidus Space stock price fell by -2.76% on the last day (Friday, 10th May 2024) from $3.45 to $3.35. During the last trading day the stock fluctuated 6.12% from a day low at $3.27 to a day high of $3.47. The price has risen in 6 of the last 10 days and is up by 1.82% over the past 2 weeks. Volume has increased on the last day by 27 thousand 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, 64 thousand shares were bought and sold for approximately $213.51 thousand.
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. Given the current short-term trend, the stock is expected to fall -19.89% during the next 3 months and, with a 90% probability hold a price between $1.84 and $5.99 at the end of this 3-month period.
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SIDU Signals & Forecast
There are few to no technical positive signals at the moment. The Sidus Space 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 $3.45. On a fall, the stock will find some support from the short-term average at $3.31. 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 Thursday, February 29, 2024, and so far it has fallen -62.69%. 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). Sidus Space 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".
Support, Risk & Stop-loss for Sidus Space stock
Sidus Space finds support from accumulated volume at $3.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.200 between high and low, or 6.12%. For the last week, the stock has had daily average volatility of 5.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SIDU) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Sidus Space, Inc. to open at $3.36, and during the day (based on 14 day Average True Range), to move between $3.09 and $3.61, which gives a possible trading interval of +/-$0.256 (+/-7.64%) up or down from last closing price. If Sidus Space, Inc. takes out the full calculated possible swing range there will be an estimated 15.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.32 (0.90%) than the resistance at $3.50 (4.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Sidus Space will release earnings AMC on Wednesday, May 15, 2024. We will update the financials statements for Sidus Space, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.35% in the first trading day after earnings release.
Is Sidus Space, Inc. stock A Buy?
Sidus Space 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.
Current score: -2.639 Sell Candidate Unchanged
Predicted Opening Price for Sidus Space, Inc. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$3.36 ( 0.398%) | $3.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIDU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.56 | 6.37 % | |
R2 | 3.49 | 4.09 % | ||
R1 | 3.44 | 2.68 % | ||
Current price: | 3.35 | |||
Support | S1 | 3.29 | -1.88 % | |
S2 | 3.24 | -3.29 % | ||
S3 | 3.16 | -5.57 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.14 | 23.58 % | |
R2 | 3.60 | 7.46 % | ||
R1 | 3.50 | 4.48 % | ||
Current price | 3.35 | |||
Support | S1 | 3.32 | -0.90% | |
S2 | 3.17 | -5.37% | ||
S3 | 3.12 | -6.87% |
FAQ
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