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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 SNAX
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High volatility in Stryve Foods, Inc. stock price on Monday which ended trading at $1.25
(Updated on Apr 15, 2024)

Sell candidate since Apr 15, 2024 PDF

The Stryve Foods, Inc. stock price fell by -9.51% on the last day (Monday, 15th Apr 2024) from $1.38 to $1.25. During the last trading day the stock fluctuated 17.65% from a day low at $1.16 to a day high of $1.36. The price has been going up and down for this period, and there has been a -13.88% loss for the last 2 weeks. Volume has increased on the last day by 35 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 51 thousand shares were bought and sold for approximately $64.13 thousand.

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 -19.96% during the next 3 months and, with a 90% probability hold a price between $0.88 and $1.32 at the end of this 3-month period.

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SNAX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 9.65%. 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). 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. On corrections up, there will be some resistance from the lines at $1.28 and $1.27. A break-up above any of these levels will issue buy signals. Stryve Foods, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Stryve Foods, Inc. stock

Stryve Foods, Inc. finds support from accumulated volume at $1.21 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.205 between high and low, or 17.65%. For the last week, the stock has had daily average volatility of 10.85%.

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

Trading Expectations (SNAX) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Stryve Foods, Inc. to open at $1.26, and during the day (based on 14 day Average True Range), to move between $1.12 and $1.38, which gives a possible trading interval of +/-$0.132 (+/-10.54%) up or down from last closing price. If Stryve Foods, Inc. takes out the full calculated possible swing range there will be an estimated 21.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.26 (0.80%) than the support at $1.21 (3.60%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.760 Sell Candidate Downgraded

Predicted Opening Price for Stryve Foods, Inc. of Tuesday, April 16, 2024

Fair opening price April 16, 2024 Current price
$1.26 ( 0.659%) $1.25

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

Trading levels for SNAX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.46 17.03 %
R2 1.38 10.78 %
R1 1.34 6.91 %
Current price: 1.25
Support S1 1.18 -5.60 %
S2 1.13 -9.46 %
S3 1.05 -15.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.46 16.80 %
R2 1.37 9.60 %
R1 1.26 0.80 %
Current price 1.25
Support S1 1.21 -3.60%
S2 1.19 -4.84%
S3 1.14 -8.80%

FAQ

What is the symbol for Stryve Foods, Inc. Stock and on which exchange is it traded?
The symbol for Stryve Foods, Inc. is SNAX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Stryve Foods, Inc. Stock?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Stryve Foods, Inc. Stock?
Stryve Foods, 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 Stryve Foods, Inc. Stock.

What's the current price of Stryve Foods, Inc. Stock?
As of the end of day on the 2024-04-15, the price of an Stryve Foods, Inc. (SNAX) share was $1.25.

What is the 52-week high and low for Stryve Foods, Inc. Stock?
The 52-week high for Stryve Foods, Inc. Stock is $8.86 and the 52-week low is $0.370.

What is the market capitalization of Stryve Foods, Inc. Stock?
As of the 2024-04-15, the market capitalization of Stryve Foods, Inc. is 3.959M.

When is the next earnings date for Stryve Foods, Inc.?
The upcoming earnings date for Stryve Foods, Inc. is May 20, 2024.
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About Stryve Foods, Inc.

Stryve Foods. Stryve Foods, Inc. manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces meat sticks, chili bites, meat crisps, and nutrition products, as well as carne seca products. The company distributes its products through retail channels, including grocery, club stores, a... SNAX Profile

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