Sincerity Applied Materials Holdings Stock Forecast

Sincerity Applied Materials Holdings stock price down 0% on Friday
(Updated on Jun 28, 2024)

SINC Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 $0.0140. On a fall, the stock will find some support from the short-term average at $0.0040. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 13.10%

Our recommended stop-loss: $0.0039 (-6.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (SINC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st 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 -$0.0043 and $0.0127, which gives a possible trading interval of +/-$0.0085 (+/-202.67%) 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 405.33% 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Sincerity Applied Materials Holdings Corp. of Monday, July 1, 2024

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