SINTX Technologies Inc. Stock Forecast
Volatile ride for SINTX Technologies Inc. stock price on Monday moving between $0.0407 and $0.0470
(Updated on May 06, 2024)
The SINTX Technologies Inc. stock price fell by -10.45% on the last day (Monday, 6th May 2024) from $0.0469 to $0.0420. During the last trading day the stock fluctuated 15.48% from a day low at $0.0407 to a day high of $0.0470. The price has been going up and down for this period, and there has been a 10.53% gain for the last 2 weeks. Volume has increased on the last day by 1 million 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, 11 million shares were bought and sold for approximately $444.72 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0420 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. 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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SINT 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 SINTX Technologies 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 $0.0461 and $0.0497. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -22.94%. Further fall is indicated until a new bottom pivot has been found. SINTX Technologies 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".
Support, Risk & Stop-loss for SINTX Technologies Inc. stock
SINTX Technologies Inc. finds support from accumulated volume at $0.0418 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 $0.0063 between high and low, or 15.48%. For the last week, the stock has had daily average volatility of 16.16%.
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 Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SINTX Technologies Inc. to open at $0.0432, and during the day (based on 14 day Average True Range), to move between $0.0327 and $0.0513, which gives a possible trading interval of +/-$0.0093 (+/-22.25%) up or down from last closing price. If SINTX Technologies Inc. takes out the full calculated possible swing range there will be an estimated 44.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0418 (0.48%) than the resistance at $0.0454 (8.10%), 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 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. 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: -6.074 Strong Sell Candidate Downgraded
Predicted Opening Price for SINTX Technologies Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.0432 ( 2.94%) | $0.0420 |
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 | 0.0495 | 17.94 % | |
| R2 | 0.0471 | 12.21 % | ||
| R1 | 0.0456 | 8.67 % | ||
| Current price: | 0.0420 | |||
| Support | S1 | 0.0408 | -2.79 % | |
| S2 | 0.0393 | -6.33 % | ||
| S3 | 0.0369 | -12.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0500 | 19.05 % | |
| R2 | 0.0467 | 11.19 % | ||
| R1 | 0.0454 | 8.10 % | ||
| Current price | 0.0420 | |||
| Support | S1 | 0.0418 | -0.476% | |
| S2 | 0.0400 | -4.76% | ||
| S3 | 0.0373 | -11.19% |
FAQ
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