SINTX Technologies Inc. Stock Forecast
Volatile ride for SINTX Technologies Inc. stock price on Friday moving between $0.0350 and $0.0420
(Updated on Apr 26, 2024)
The SINTX Technologies Inc. stock price gained 10.38% on the last trading day (Friday, 26th Apr 2024), rising from $0.0366 to $0.0404. During the last trading day the stock fluctuated 20.00% from a day low at $0.0350 to a day high of $0.0420. The price has risen in 6 of the last 10 days and is up by 70.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 24 million shares were bought and sold for approximately $969.94 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 $0.0275, a level that may pose a second chance to hit a runner. According to fan-theory $0.0588 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SINT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). SINTX Technologies Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SINTX Technologies Inc. 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 $0.0634. On a fall, the stock will find some support from the short-term average at $0.0388. 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 Friday, April 19, 2024, and so far it has fallen -3.35%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SINTX Technologies Inc. stock
SINTX Technologies Inc. finds support from accumulated volume at $0.0400 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 $0.0070 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 13.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SINT) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect SINTX Technologies Inc. to open at $0.0391, and during the day (based on 14 day Average True Range), to move between $0.0306 and $0.0502, which gives a possible trading interval of +/-$0.0098 (+/-24.20%) up or down from last closing price. If SINTX Technologies Inc. takes out the full calculated possible swing range there will be an estimated 48.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0400 (0.99%) than the resistance at $0.0418 (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SINTX Technologies Inc. stock A Buy?
SINTX Technologies Inc. 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: -5.375 Strong Sell Candidate Downgraded
Predicted Opening Price for SINTX Technologies Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0391 ( 3.14%) | $0.0404 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SINT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0461 | 14.19 % | |
| R2 | 0.0435 | 7.57 % | ||
| R1 | 0.0418 | 3.48 % | ||
| Current price: | 0.0404 | |||
| Support | S1 | 0.0365 | -9.75 % | |
| S2 | 0.0348 | -13.84 % | ||
| S3 | 0.0321 | -20.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0500 | 23.76 % | |
| R2 | 0.0492 | 21.78 % | ||
| R1 | 0.0418 | 3.47 % | ||
| Current price | 0.0404 | |||
| Support | S1 | 0.0400 | -0.99% | |
| S2 | 0.0387 | -4.21% | ||
| S3 | 0.0373 | -7.67% |
FAQ
Click here for our free guide on how to buy SINTX Technologies Inc. Stock.
