Smartmetric Inc Stock Forecast
High volatility in Smartmetric Inc stock price on Friday which ended trading at $0.0003
(Updated on May 03, 2024)
No changes to the price of Smartmetric Inc stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 20.00% from a day low at $0.0003 to a day high of $0.0003. The price has been going up and down for this period, and there has been a -25% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.55% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0003 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SMME Signals & Forecast
There are mixed signals in the stock today. The Smartmetric 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 $0.0003 and $0.0004. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 50.00%. 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). 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.
Support, Risk & Stop-loss for Smartmetric Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.00005 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 28.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMME) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Smartmetric Inc to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.00009338 (+/-31.13%) up or down from last closing price. If Smartmetric Inc takes out the full calculated possible swing range there will be an estimated 62.25% move between the lowest and the highest trading price during the day.
Is Smartmetric Inc stock A Buy?
Smartmetric Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.149 Sell Candidate Unchanged
Predicted Opening Price for Smartmetric Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0003 ( 5.56%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMME
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 11.11 % | |
| R2 | 0.0003 | 4.74 % | ||
| R1 | 0.0003 | 0.81 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0003 | -11.92 % | |
| S2 | 0.0003 | -15.86 % | ||
| S3 | 0.0002 | -22.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0003 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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