Sanwire Corporation Stock Forecast

Sanwire Corporation stock price ended at $0.0002 on Friday, after losing 0%.
(Updated on May 17, 2024)

SNWR Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sanwire Corporation 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 $0.0002 and $0.0002. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -33.33%. Further fall is indicated until a new bottom pivot has been found.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, May 07, 2024 and based on theory for this formation the price should fall by -28.05% to $0.0001 within 41 trading days since signal was issued (Monday, May 20, 2024).

Support, Risk & Stop-loss for Sanwire Corporation stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". 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 10.00%.

Our recommended stop-loss: $0.0002 (-6.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (SNWR) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Sanwire Corporation to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0002, which gives a possible trading interval of +/-$0.00003809 (+/-19.05%) up or down from last closing price. If Sanwire Corporation takes out the full calculated possible swing range there will be an estimated 38.09% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0002, some $0.000025 (12.50%) from the current price of $0.0002, our system finds the risk reward not very attractive.

Is Sanwire Corporation stock A Buy?

Sanwire Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Sanwire Corporation of Monday, May 20, 2024

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