Selina Hospitality Plc Stock Forecast

High volatility in Selina Hospitality Plc stock price on Monday which ended trading at $0.0140
(Updated on Jun 17, 2024)

SLNAW Signals & Forecast

The Selina Hospitality Plc 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 $0.0127 and $0.0096. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -28.21%. Further fall is indicated until a new bottom pivot has been found. Selina Hospitality Plc 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Selina Hospitality Plc stock

Selina Hospitality Plc finds support from accumulated volume at $0.0138 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 $0.0036 between high and low, or 34.62%. For the last week, the stock has had daily average volatility of 75.25%.

Our recommended stop-loss: $0.0133 (-4.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (SLNAW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Selina Hospitality Plc to open at $0.0128, and during the day (based on 14 day Average True Range), to move between $0.0096 and $0.0184, which gives a possible trading interval of +/-$0.0044 (+/-31.28%) up or down from last closing price. If Selina Hospitality Plc takes out the full calculated possible swing range there will be an estimated 62.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0138 (1.43%) than the resistance at $0.0143 (2.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Selina Hospitality Plc 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 Selina Hospitality Plc stock to perform well in the short-term.

Current score: 2.479 Buy Candidate Unchanged

Predicted Opening Price for Selina Hospitality Plc of Tuesday, June 18, 2024

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