RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SLDP
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

On Thursday, Solid Power, Inc. stock price gained an impressive 5.73%
(Updated on Mar 28, 2024)

Buy candidate since Mar 25, 2024 Gain 27.67% PDF

The Solid Power, Inc. stock price gained 5.73% on the last trading day (Thursday, 28th Mar 2024), rising from $1.92 to $2.03. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.81% from a day low at $1.93 to a day high of $2.10. The price has risen in 8 of the last 10 days and is up by 48.18% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 6 million shares were bought and sold for approximately $12.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.96, a level that may pose a second chance to hit a runner. According to fan-theory $2.53 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SLDP Signals & Forecast

Mostly positive signals in the chart today. The Solid Power, 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 $1.70 and $1.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 50.37%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Solid Power, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.73 and $1.64. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Solid Power, Inc. finds support just below today's level at $1.73. If this is broken, then the next support from accumulated volume will be at $1.64 and $1.62.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.170 between high and low, or 8.81%. For the last week, the stock has had daily average volatility of 10.86%.

The Solid Power, Inc. stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $1.97 (-2.96%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 8 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Solid Power, Inc. to open at $2.02, and during the day (based on 14 day Average True Range), to move between $1.89 and $2.17, which gives a possible trading interval of +/-$0.138 (+/-6.80%) up or down from last closing price. If Solid Power, Inc. takes out the full calculated possible swing range there will be an estimated 13.59% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1.73, some $0.300 (14.78%) from the current price of $2.03, our system finds the risk reward attractive.

Is Solid Power, Inc. stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Solid Power, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.000 Strong Buy Candidate Upgraded

Predicted Opening Price for Solid Power, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.02 ( 0.493%) $2.03

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

Trading levels for SLDP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.19 7.88 %
R2 2.13 4.68 %
R1 2.08 2.71 %
Current price: 2.03
Support S1 1.96 -3.69 %
S2 1.91 -5.67 %
S3 1.85 -8.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 2.03
Support S1 1.73 -14.78%
S2 1.64 -19.21%
S3 1.62 -20.20%

FAQ

What is the symbol for Solid Power, Inc. Stock and on which exchange is it traded?
The symbol for Solid Power, Inc. is SLDP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Solid Power, Inc. Stock?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Solid Power, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Solid Power, Inc. Stock?
Solid Power, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Solid Power, Inc. Stock.

What's the current price of Solid Power, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Solid Power, Inc. (SLDP) share was $2.03.

What is the 52-week high and low for Solid Power, Inc. Stock?
The 52-week high for Solid Power, Inc. Stock is $3.20 and the 52-week low is $1.10.

What is the market capitalization of Solid Power, Inc. Stock?
As of the 2024-03-28, the market capitalization of Solid Power, Inc. is 367.617M.

When is the next earnings date for Solid Power, Inc.?
The upcoming earnings date for Solid Power, Inc. is May 13, 2024.
Click to get the best stock tips daily for free!

About Solid Power, Inc.

Solid Power. Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado.... SLDP Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT