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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 SMCE
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Big movements in SMC Entertainment, Inc. stock price on Tuesday moving 48.15% between high and low
(Updated on Jun 25, 2024)

Buy or Hold candidate since May 22, 2024 Gain 175.00% PDF

The SMC Entertainment, Inc. stock price fell by -10.81% on the last day (Tuesday, 25th Jun 2024) from $0.0037 to $0.0033. During the last trading day the stock fluctuated 48.15% from a day low at $0.0027 to a day high of $0.0040. The price has risen in 6 of the last 10 days and is up by 120% over the past 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 -8 million shares and in total, 21 million shares were bought and sold for approximately $68.20 thousand.

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 $0.0037 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 113.81% during the next 3 months and, with a 90% probability hold a price between $0.0030 and $0.0080 at the end of this 3-month period.

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SMCE Signals & Forecast

The SMC Entertainment, 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 $0.0031 and $0.0015. 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 Monday, June 24, 2024, and so far it has fallen -10.81%. Further fall is indicated until a new bottom pivot has been found. 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 SMC Entertainment, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0029 and $0.0026. 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, SMC Entertainment, Inc. finds support just below today's level at $0.0029. If this is broken, then the next support from accumulated volume will be at $0.0026 and $0.0025.

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 $0.0013 between high and low, or 48.15%. For the last week the stock has had daily average volatility of 33.95%.

Our recommended stop-loss: $0.0031 (-5.47%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (SMCE) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect SMC Entertainment, Inc. to open at $0.0033, and during the day (based on 14 day Average True Range), to move between $0.0027 and $0.0039, which gives a possible trading interval of +/-$0.0006 (+/-17.70%) up or down from last closing price. If SMC Entertainment, Inc. takes out the full calculated possible swing range there will be an estimated 35.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0035 (6.06%) than the support at $0.0029 (12.12%), 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 SMC Entertainment, 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 SMC Entertainment, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.064 Buy Candidate Downgraded

Predicted Opening Price for SMC Entertainment, Inc. of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$0.0033 ( 1.01%) $0.0033

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

Trading levels for SMCE

Fibonacci Support & Resistance Levels

Level Price
R3 0.0046 40.40%
R2 0.0041 25.36%
R1 0.0038 16.06%
Price 0.0033
S1 0.0028 -14.04%
S2 0.0025 -23.34%
S3 0.0020 -38.38%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0.0037 12.12%
R1 0.0035 6.06%
Price 0.0033
S1 0.0029 -12.12%
S2 0.0026 -21.21%
S3 0.0025 -24.24%

FAQ

What is the symbol for SMC Entertainment, Inc. Stock and on which exchange is it traded?
The symbol for SMC Entertainment, Inc. is SMCE and it is traded on the PINK (Pink Sheets).

Should I buy or sell SMC Entertainment, Inc. Stock?
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 SMC Entertainment, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy SMC Entertainment, Inc. Stock?
SMC Entertainment, 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 SMC Entertainment, Inc. Stock.

What's the current price of SMC Entertainment, Inc. Stock?
As of the end of day on the Jun 25, 2024, the price of an SMC Entertainment, Inc. (SMCE) share was $0.0033.

What is the 52-week high and low for SMC Entertainment, Inc. Stock?
The 52-week high for SMC Entertainment, Inc. Stock is $0.0044 and the 52-week low is $0.0005.

What is the market capitalization of SMC Entertainment, Inc. Stock?
As of the Jun 25, 2024, the market capitalization of SMC Entertainment, Inc. is 4.753M.
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About SMC Entertainment, Inc.

SMC Entertainment. SMC Entertainment, Inc. operates in the recorded music business in the United States. The company is involved in the discovery and development of artists and the related marketing, distribution, and licensing of recorded music produced by artists. It sells its products in physical form to online physical retailers; and in digital form to online digital retailers; and mobile full-track download stores. The company was formerly known as SMC Recordi... SMCE Profile

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