Senti Biosciences, Inc. Stock Forecast
High volatility in Senti Biosciences, Inc. stock price on Friday which ended trading at $0.276
(Updated on Jun 28, 2024)
The Senti Biosciences, Inc. stock price fell by -13.48% on the last day (Friday, 28th Jun 2024) from $0.319 to $0.276. During the last trading day the stock fluctuated 17.33% from a day low at $0.262 to a day high of $0.307. The price has been going up and down for this period, and there has been a 4.86% gain for the last 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 -696 thousand shares and in total, 367 thousand shares were bought and sold for approximately $101.40 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 -18.75% during the next 3 months and, with a 90% probability hold a price between $0.184 and $0.288 at the end of this 3-month period.
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SNTI Signals & Forecast
There are mixed signals in the stock today. The Senti Biosciences, 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 $0.278 and $0.311. 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. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 16.36%. 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 Senti Biosciences, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.260 and $0.252. 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, Senti Biosciences, Inc. finds support just below today's level at $0.260. If this is broken, then the next support from accumulated volume will be at $0.252 and $0.247.
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 $0.0454 between high and low, or 17.33%. For the last week the stock has had daily average volatility of 27.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SNTI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Senti Biosciences, Inc. to open at $0.282, and during the day (based on 14 day Average True Range), to move between $0.229 and $0.323, which gives a possible trading interval of +/-$0.0470 (+/-17.01%) up or down from last closing price. If Senti Biosciences, Inc. takes out the full calculated possible swing range there will be an estimated 34.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.282 (2.17%) than the support at $0.260 (5.72%), 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 Senti Biosciences, Inc. stock A Buy?
Senti Biosciences, 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. 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: -1.814 Sell Candidate Downgraded
Predicted Opening Price for Senti Biosciences, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.282 ( 2.10%) | $0.276 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNTI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.327 | 18.55% |
| R2 | 0.310 | 12.27% |
| R1 | 0.299 | 8.39% |
| Price | 0.276 | |
| S1 | 0.264 | -4.18% |
| S2 | 0.254 | -8.06% |
| S3 | 0.236 | -14.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.319 | 15.58% |
| R2 | 0.307 | 11.34% |
| R1 | 0.282 | 2.17% |
| Price | 0.276 | |
| S1 | 0.260 | -5.72% |
| S2 | 0.252 | -8.70% |
| S3 | 0.247 | -10.62% |
FAQ
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