SMC Entertainment, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for SMC Entertainment, Inc. stock price on Friday moving between $0.0018 and $0.0028
(Updated on Jun 14, 2024)
The SMC Entertainment, Inc. stock price gained 47.06% on the last trading day (Friday, 14th Jun 2024), rising from $0.0017 to $0.0025. During the last trading day the stock fluctuated 55.56% from a day low at $0.0018 to a day high of $0.0028. The price has risen in 6 of the last 10 days and is up by 150% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 million more shares were traded than the day before. In total, 58 million shares were bought and sold for approximately $144.19 thousand.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.0017, a level that may pose a second chance to hit a runner.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SMCE Signals & Forecast
Mostly positive signals in the chart today. 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 $0.0016 and $0.0011. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 150.00%. 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). SMC Entertainment, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
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 $0.0019. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0010 between high and low, or 55.56%. For the last week, the stock has had daily average volatility of 32.55%.
Our recommended stop-loss: $0.0024 (-3.56%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SMCE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect SMC Entertainment, Inc. to open at $0.0024, and during the day (based on 14 day Average True Range), to move between $0.0021 and $0.0029, which gives a possible trading interval of +/-$0.0004 (+/-15.41%) up or down from last closing price. If SMC Entertainment, Inc. takes out the full calculated possible swing range there will be an estimated 30.82% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0019, some $0.0006 (24.00%) from the current price of $0.0025, our system finds the risk reward attractive.
Is SMC Entertainment, Inc. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. 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 period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.469 Strong Buy Candidate Upgraded
Predicted Opening Price for SMC Entertainment, Inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.0024 ( 5.33%) | $0.0025 |
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 | 0.0034 | 34.67% |
| R2 | 0.0030 | 19.39% |
| R1 | 0.0027 | 9.95% |
| Price | 0.0025 | |
| S1 | 0.0020 | -20.61% |
| S2 | 0.0017 | -30.05% |
| S3 | 0.0014 | -45.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0025 | |
| S1 | 0.0019 | -24.00% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy SMC Entertainment, Inc. Stock.
