Signal Advance, Inc. Stock Forecast
Big movements in Signal Advance, Inc. stock price on Friday moving 51.87% between high and low
(Updated on May 17, 2024)
The Signal Advance, Inc. stock price fell by -2.57% on the last day (Friday, 17th May 2024) from $0.0740 to $0.0721. During the last trading day the stock fluctuated 51.87% from a day low at $0.0721 to a day high of $0.110. The price has been going up and down for this period, and there has been a -2.04% loss for the last 2 weeks. Volume has increased on the last day by 7 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, 17 thousand shares were bought and sold for approximately $1.19 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0719 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.89% during the next 3 months and, with a 90% probability hold a price between $0.0769 and $0.120 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SIGL Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Signal Advance, Inc. 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 $0.0750 and $0.0813. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -15.18%. Further fall is indicated until a new bottom pivot has been found. Signal Advance, Inc. 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.
Support, Risk & Stop-loss for Signal Advance, Inc. stock
Signal Advance, Inc. finds support from accumulated volume at $0.0710 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 $0.0374 between high and low, or 51.87%. For the last week, the stock has had daily average volatility of 14.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SIGL) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Signal Advance, Inc. to open at $0.0846, and during the day (based on 14 day Average True Range), to move between $0.0600 and $0.0842, which gives a possible trading interval of +/-$0.0121 (+/-16.85%) up or down from last closing price. If Signal Advance, Inc. takes out the full calculated possible swing range there will be an estimated 33.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0710 (1.53%) than the resistance at $0.0826 (14.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Signal Advance, Inc. stock A Buy?
The Signal Advance, Inc. stock holds several negative signals and despite the positive trend, we believe Signal Advance, Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell to a Strong Sell candidate.
Current score: -6.027 Strong Sell Candidate Downgraded
Predicted Opening Price for Signal Advance, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0846 ( 17.29%) | $0.0721 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIGL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.122 | 69.16 % | |
| R2 | 0.108 | 49.35 % | ||
| R1 | 0.0989 | 37.11 % | ||
| Current price: | 0.0721 | |||
| Support | S1 | 0.0703 | -2.52 % | |
| S2 | 0.0615 | -14.77 % | ||
| S3 | 0.0472 | -34.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0900 | 24.83 % | |
| R2 | 0.0850 | 17.89 % | ||
| R1 | 0.0826 | 14.51 % | ||
| Current price | 0.0721 | |||
| Support | S1 | 0.0710 | -1.53% | |
| S2 | 0.0700 | -2.91% | ||
| S3 | 0.0665 | -7.77% |
FAQ
Click here for our free guide on how to buy Signal Advance, Inc. Stock.
