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Stryve Foods, Inc. Stock Forecast NASDAQ:SNAX

$3.81 (1.33%)

Volume: 42k

Closed: Dec 08, 2021

Hollow Logo Score: -4.130

Stryve Foods, Inc. Stock Forecast

$3.81 (1.33%)

Volume: 42k

Closed: Dec 08, 2021

Score Hollow Logo -4.130
Which way will SNAX go? Request

SNAX Stock Risk

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 $0.28 between high and low, or 7.64%. For the last week the stock has had a daily average volatility of 8.71%.

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

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 33 and the stock is currently not being overbought or oversold

Green day on Wednesday for Stryve Foods, Inc. stock after gaining 1.33%
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-16 Loss -21.12%

The Stryve Foods, Inc. stock price gained 1.33% on the last trading day (Wednesday, 8th Dec 2021), rising from $3.76 to $3.81. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 7.64% from a day low at $3.66 to a day high of $3.94. The price has fallen in 6 of the last 10 days and is down by -9.93% for this period. Volume fell on the last day by -45 thousand shares and in total, 42 thousand shares were bought and sold for approximately $158.63 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.58 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -33.16% during the next 3 months and, with a 90% probability hold a price between $2.40 and $3.20 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 4.10%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Stryve Foods, 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 $3.83 and $4.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not.

Support, Risk & Stop-loss

Stryve Foods, Inc. finds support from accumulated volume at $3.76 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 $0.28 between high and low, or 7.64%. For the last week the stock has had a daily average volatility of 8.71%.

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

Is Stryve Foods, Inc. stock A Buy?

Stryve Foods, Inc. 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.

Current score: -4.130

Predicted Opening Price for Stryve Foods, Inc. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$3.80 $3.81 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 8.71 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.71 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $4.22
Price: $3.81
Support: $3.76

SNAX Insider Trading Show all Trades

INSIDER POWER

0.395

Last 50 transactions
Buy: 3 091 065 | Sell: 7 829 394 (Shares)
Date Action Amount Person Type
Dec 06, 2021 Buy 50 000 Hawkins Alex Class A Common Stock
Nov 24, 2021 Buy 4 000 Oblas Joe A Class A Common Stock
Nov 23, 2021 Buy 10 000 Oblas Joe A Class A Common Stock
Nov 19, 2021 Buy 20 000 Casey Ted Class A Common Stock
Nov 19, 2021 Buy 20 000 Casey Ted Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.395

Last 50 transactions
Buy: 3 091 065 | Sell: 7 829 394 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.08 7.17 %
3.98 4.36 %
3.91 2.63 %
Current price: 3.81
Support 3.70 -2.97 %
3.63 -4.71 %
3.52 -7.51 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 4.36 14.44 %
4.23 11.02 %
4.22 10.76 %
Current price 3.81
Support 3.76 -1.31%
3.66 -3.94%
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