Sincerity Applied Materials Holdings Stock Forecast
Sincerity Applied Materials Holdings stock price fell more than -12.50% Tuesday closing at $0.0042
(Updated on Jun 25, 2024)
The Sincerity Applied Materials Holdings stock price fell by -12.50% on the last day (Tuesday, 25th Jun 2024) from $0.0048 to $0.0042. During the last trading day the stock fluctuated 0% from a day low at $0.0042 to a day high of $0.0042. The price has fallen in 4 of the last 10 days and is down by -6.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -207 thousand shares and in total, 240 thousand shares were bought and sold for approximately $1.01 thousand.
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 $0.0004, a level that may pose a second chance to hit a runner. According to fan-theory $0.102 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. 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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SINC 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 Sincerity Applied Materials Holdings 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 $0.0294. On a fall, the stock will find some support from the short-term average at $0.0041. 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, June 17, 2024, and so far it has fallen -16.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sincerity Applied Materials Holdings stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0035 and $0.0033. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0033 may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 17.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SINC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sincerity Applied Materials Holdings Corp. to open at $0.0042, and during the day (based on 14 day Average True Range), to move between -$0.0066 and $0.0150, which gives a possible trading interval of +/-$0.0108 (+/-256.68%) up or down from last closing price. If Sincerity Applied Materials Holdings Corp. takes out the full calculated possible swing range there will be an estimated 513.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0045 (7.14%) than the support at $0.0035 (16.67%), 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 Sincerity Applied Materials Holdings Corp. stock A Buy?
Sincerity Applied Materials Holdings 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 Sell to a Strong Sell candidate.
Current score: -5.663 Strong Sell Candidate Downgraded
Predicted Opening Price for Sincerity Applied Materials Holdings Corp. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0042 ( 0%) | $0.0042 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SINC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0042 | - |
| R2 | 0.0042 | - |
| R1 | 0.0042 | - |
| Price | 0.0042 | |
| S1 | 0.0042 | - |
| S2 | 0.0042 | - |
| S3 | 0.0042 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0050 | 19.05% |
| R2 | 0.0048 | 14.29% |
| R1 | 0.0045 | 7.14% |
| Price | 0.0042 | |
| S1 | 0.0035 | -16.67% |
| S2 | 0.0033 | -21.43% |
| S3 | 0 | - |
FAQ
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