Solar Energy Initiatv Inc Stock Forecast
Red day on Friday for Solar Energy Initiatv Inc
(Updated on Jun 28, 2024)
No changes to the price of Solar Energy Initiatv Inc stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0007 to a day high of $0.0007. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $0.0007 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Solar Energy Initiatv Inc stock with a 90% probability to be traded between $0.0006 and $0.0007 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SNRY Signals & Forecast
The Solar Energy Initiatv 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 $0.0007 and $0.0007. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Solar Energy Initiatv Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0006 and $0.0006. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Solar Energy Initiatv Inc finds support just below today's level at $0.0006. If this is broken, then the next support from accumulated volume will be at $0.0006 and $0.0006.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.33%
Our recommended stop-loss: $0.0007 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SNRY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Solar Energy Initiatv Inc to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0008, which gives a possible trading interval of +/-$0.00005782 (+/-8.26%) up or down from last closing price. If Solar Energy Initiatv Inc takes out the full calculated possible swing range there will be an estimated 16.52% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0006, some $0.0001 (14.29%) from the current price of $0.0007, our system finds the risk reward attractive.
Is Solar Energy Initiatv Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Solar Energy Initiatv Inc stock to perform well in the short-term period.
Current score: 1.327 Buy Candidate Unchanged
Predicted Opening Price for Solar Energy Initiatv Inc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0007 ( 0%) | $0.0007 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNRY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0007 | - |
| R2 | 0.0007 | - |
| R1 | 0.0007 | - |
| Price | 0.0007 | |
| S1 | 0.0007 | - |
| S2 | 0.0007 | - |
| S3 | 0.0007 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0007 | |
| S1 | 0.0006 | -14.29% |
| S2 | 0.0006 | -17.86% |
| S3 | 0.0006 | -21.43% |
FAQ
Click here for our free guide on how to buy Solar Energy Initiatv Inc Stock.
