Select Sands Cor Stock Forecast

Select Sands Cor stock downgraded to Sell Candidate
(Updated on Jun 17, 2024)

SLSDF Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Select Sands Cor 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 $0.0054 and $0.0061. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -29.87%. 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).

Support, Risk & Stop-loss for Select Sands Cor stock

Select Sands Cor finds support from accumulated volume at $0.0054 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

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

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

For the upcoming trading day on Tuesday, 18th we expect Select Sands Cor to open at $0.0054, and during the day (based on 14 day Average True Range), to move between $0.0048 and $0.0060, which gives a possible trading interval of +/-$0.0006 (+/-11.54%) up or down from last closing price. If Select Sands Cor takes out the full calculated possible swing range there will be an estimated 23.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0054 (0.93%) than the resistance at $0.0065 (20.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Select Sands Cor stock A Buy?

Select Sands Cor 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 Hold/Accumulate to a Sell candidate.

Current score: -4.480 Sell Candidate Downgraded

Predicted Opening Price for Select Sands Cor of Tuesday, June 18, 2024

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