Stabilis Solutions, Inc. Stock Forecast
Red day on Tuesday for Stabilis Solutions, Inc.
(Updated on Jun 25, 2024)
The Stabilis Solutions, Inc. stock price fell by -0.0025% on the last day (Tuesday, 25th Jun 2024) from $3.95 to $3.95. During the last trading day the stock fluctuated 0% from a day low at $3.95 to a day high of $3.95. The price has been going up and down for this period, and there has been a -3.9% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -362 shares and in total, 202 shares were bought and sold for approximately $797.88 .
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.01% during the next 3 months and, with a 90% probability hold a price between $3.77 and $4.35 at the end of this 3-month period.
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SLNG Signals & Forecast
There are few to no technical positive signals at the moment. The Stabilis Solutions, 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 $4.00 and $4.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -11.44%. 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). 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 Stabilis Solutions, Inc. stock
Stabilis Solutions, Inc. finds support from accumulated volume at $3.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.278%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SLNG) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Stabilis Solutions, Inc. to open at $3.95, and during the day (based on 14 day Average True Range), to move between $3.84 and $4.06, which gives a possible trading interval of +/-$0.106 (+/-2.69%) up or down from last closing price. If Stabilis Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.02 (1.77%) than the support at $3.87 (2.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Stabilis Solutions, Inc. stock A Buy?
Stabilis Solutions, Inc. holds several negative signals and is within a 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.
Current score: -1.219 Sell Candidate Unchanged
Predicted Opening Price for Stabilis Solutions, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $3.95 ( 0%) | $3.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLNG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.95 | - |
| R2 | 3.95 | - |
| R1 | 3.95 | - |
| Price | 3.95 | |
| S1 | 3.95 | - |
| S2 | 3.95 | - |
| S3 | 3.95 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.21 | 6.58% |
| R2 | 4.11 | 4.05% |
| R1 | 4.02 | 1.77% |
| Price | 3.95 | |
| S1 | 3.87 | -2.02% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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