Sipp Industries Inc Stock Forecast
Stronger technical forecast for Sipp Industries Inc stock price after Wednesday trading.
(Updated on May 01, 2024)
The Sipp Industries Inc stock price gained 3.03% on the last trading day (Wednesday, 1st May 2024), rising from $0.0017 to $0.0017. During the last trading day the stock fluctuated 5.88% from a day low at $0.0017 to a day high of $0.0018. The price has fallen in 4 of the last 10 days but is still up by 6.25% 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, 110 thousand more shares were traded than the day before. In total, 420 thousand shares were bought and sold for approximately $714.00 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 50.01% during the next 3 months and, with a 90% probability hold a price between $0.0017 and $0.0030 at the end of this 3-month period.
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SIPC Signals & Forecast
The Sipp Industries Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0016 and $0.0013. A breakdown below any of these levels will issue sell signals. Sipp Industries 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -10.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sipp Industries Inc stock
Sipp Industries Inc finds support from accumulated volume at $0.0017 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 $0.0001 between high and low, or 5.88%. For the last week, the stock has had daily average volatility of 14.81%.
Our recommended stop-loss: $0.0016 (-5.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SIPC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Sipp Industries Inc to open at $0.0017, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0020, which gives a possible trading interval of +/-$0.0003 (+/-14.89%) up or down from last closing price. If Sipp Industries Inc takes out the full calculated possible swing range there will be an estimated 29.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0017 (2.94%) than the resistance at $0.0018 (5.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sipp Industries Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sipp Industries Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.795 Buy Candidate Upgraded
Predicted Opening Price for Sipp Industries Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0017 ( 1.96%) | $0.0017 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0018 | 7.84 % | |
| R2 | 0.0018 | 5.60 % | ||
| R1 | 0.0018 | 4.21 % | ||
| Current price: | 0.0017 | |||
| Support | S1 | 0.0017 | -0.286 % | |
| S2 | 0.0017 | -1.67 % | ||
| S3 | 0.0016 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0019 | 11.76 % | ||
| R1 | 0.0018 | 5.88 % | ||
| Current price | 0.0017 | |||
| Support | S1 | 0.0017 | -2.94% | |
| S2 | 0.0016 | -5.88% | ||
| S3 | 0.0015 | -11.76% |
FAQ
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