SenesTech Inc Stock Forecast
Red day on Thursday for SenesTech Inc stock after losing 4.11%
(Updated on Apr 18, 2024)
The SenesTech Inc stock price fell by -4.11% on the last day (Thursday, 18th Apr 2024) from $0.730 to $0.700. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 9.99% from a day low at $0.700 to a day high of $0.770. The price has fallen in 6 of the last 10 days but is still up by 2.13% 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 -5 thousand shares and in total, 43 thousand shares were bought and sold for approximately $30.17 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 -22.91% during the next 3 months and, with a 90% probability hold a price between $0.464 and $0.752 at the end of this 3-month period.
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SNES Signals & Forecast
There are mixed signals in the stock today. The SenesTech 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 $0.754 and $0.761. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 10.24%. 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).
Support, Risk & Stop-loss for SenesTech Inc stock
SenesTech Inc finds support from accumulated volume at $0.688 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0699 between high and low, or 9.99%. For the last week the stock has had daily average volatility of 15.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SNES) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect SenesTech Inc to open at $0.723, and during the day (based on 14 day Average True Range), to move between $0.618 and $0.782, which gives a possible trading interval of +/-$0.0822 (+/-11.74%) up or down from last closing price. If SenesTech Inc takes out the full calculated possible swing range there will be an estimated 23.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.688 (1.71%) than the resistance at $0.787 (12.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SenesTech Inc stock A Buy?
SenesTech 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: -3.305 Sell Candidate Unchanged
Predicted Opening Price for SenesTech Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.723 ( 3.33%) | $0.700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNES
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.793 | 13.31 % | |
| R2 | 0.766 | 9.50 % | ||
| R1 | 0.750 | 7.14 % | ||
| Current price: | 0.700 | |||
| Support | S1 | 0.697 | -0.486 % | |
| S2 | 0.680 | -2.84 % | ||
| S3 | 0.653 | -6.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.84 | 20.00 % | |
| R2 | 0.84 | 19.60 % | ||
| R1 | 0.787 | 12.46 % | ||
| Current price | 0.700 | |||
| Support | S1 | 0.688 | -1.71% | |
| S2 | 0.674 | -3.67% | ||
| S3 | 0.635 | -9.29% |
FAQ
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