Solar Integrated Roofing Corporation Stock Forecast

Volatile ride for Solar Integrated Roofing Corporation stock price on Friday moving between $0.0001 and $0.0003
(Updated on May 03, 2024)

SIRC 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 Solar Integrated Roofing Corporation 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 $0.0002 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 22, 2024, and so far it has fallen -97.00%. 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 Solar Integrated Roofing Corporation stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0002 between high and low, or 200.00%. For the last week the stock has had daily average volatility of 80.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SIRC) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Solar Integrated Roofing Corporation to open at $0.0002, and during the day (based on 14 day Average True Range), to move between -$0.00001702 and $0.0003, which gives a possible trading interval of +/-$0.0002 (+/-111.35%) up or down from last closing price. If Solar Integrated Roofing Corporation takes out the full calculated possible swing range there will be an estimated 222.70% move between the lowest and the highest trading price during the day.

Is Solar Integrated Roofing Corporation stock A Buy?

Solar Integrated Roofing Corporation 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: -5.435 Strong Sell Candidate Downgraded

Predicted Opening Price for Solar Integrated Roofing Corporation of Monday, May 6, 2024

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