Soluna Holdings, Inc. Stock Forecast
On Friday, Soluna Holdings, Inc. stock price gained an impressive 5.76%
(Updated on Jun 28, 2024)
The Soluna Holdings, Inc. stock price gained 5.76% on the last trading day (Friday, 28th Jun 2024), rising from $5.03 to $5.32. During the last trading day the stock fluctuated 6.72% from a day low at $4.99 to a day high of $5.32. The price has fallen in 5 of the last 10 days but is still up by 36.41% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 6 thousand shares were bought and sold for approximately $29.48 thousand. 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 lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.33 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 63.50% during the next 3 months and, with a 90% probability hold a price between $4.95 and $8.71 at the end of this 3-month period.
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SLNHP Signals & Forecast
The Soluna Holdings, 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 $4.62 and $3.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 198.87%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Soluna Holdings, Inc. stock
Soluna Holdings, Inc. finds support from accumulated volume at $5.22 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.335 between high and low, or 6.72%. For the last week the stock has had daily average volatility of 18.13%.
Our recommended stop-loss: $5.16 (-3.02%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (SLNHP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Soluna Holdings, Inc. to open at $5.21, and during the day (based on 14 day Average True Range), to move between $4.85 and $5.79, which gives a possible trading interval of +/-$0.465 (+/-8.75%) up or down from last closing price. If Soluna Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 17.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.22, some $0.0999 (1.88%) from the current price of $5.32, our system finds the risk reward attractive.
Is Soluna Holdings, 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 Soluna Holdings, Inc. stock to perform well in the short-term.
Current score: 4.748 Buy Candidate Unchanged
Predicted Opening Price for Soluna Holdings, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $5.21 ( 2.10%) | $5.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLNHP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.54 | 4.20% |
| R2 | 5.42 | 1.79% |
| R1 | 5.34 | 0.306% |
| Price | 5.32 | |
| S1 | 5.08 | -4.50% |
| S2 | 5.00 | -5.99% |
| S3 | 4.87 | -8.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5.32 | |
| S1 | 5.22 | -1.88% |
| S2 | 5.13 | -3.57% |
| S3 | 4.00 | -24.81% |
SLNHP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2022 | Sep 16, 2022 | Sep 30, 2022 | $0.188 | 3.12% |
| 2 | Aug 10, 2022 | Aug 17, 2022 | Aug 31, 2022 | $0.188 | 2.33% |
| 3 | Jul 08, 2022 | Jul 14, 2022 | Jul 31, 2022 | $0.188 | 1.54% |
| 4 | Jun 13, 2022 | Jun 16, 2022 | Jun 30, 2022 | $0.188 | 1.66% |
| 5 | May 11, 2022 | May 18, 2022 | May 31, 2022 | $0.188 | 1.13% |
FAQ
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