SOBR Safe, Inc. Stock Forecast
Volatile ride for SOBR Safe, Inc. stock price on Tuesday moving between $0.138 and $0.155
(Updated on Jul 02, 2024)
The SOBR Safe, Inc. stock price fell by -3.00% on the last day (Tuesday, 2nd Jul 2024) from $0.150 to $0.146. During the last trading day the stock fluctuated 12.16% from a day low at $0.138 to a day high of $0.155. The price has fallen in 7 of the last 10 days and is down by -26.66% for this period. 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 -249 thousand shares and in total, 2 million shares were bought and sold for approximately $312.77 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.131 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.19% during the next 3 months and, with a 90% probability hold a price between $0.102 and $0.329 at the end of this 3-month period.
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SOBR Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 4.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SOBR Safe, 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 $0.151 and $0.243. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for SOBR Safe, Inc. stock
SOBR Safe, Inc. finds support from accumulated volume at $0.139 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0168 between high and low, or 12.16%. For the last week the stock has had daily average volatility of 30.06%.
SOBR Safe, Inc. is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOBR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SOBR Safe, Inc. to open at $0.146, and during the day (based on 14 day Average True Range), to move between $0.0858 and $0.205, which gives a possible trading interval of +/-$0.0597 (+/-41.00%) up or down from last closing price. If SOBR Safe, Inc. takes out the full calculated possible swing range there will be an estimated 82.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.150 (3.09%) than the support at $0.139 (4.47%), 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 SOBR Safe, Inc. stock A Buy?
SOBR Safe, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.474 Sell Candidate Upgraded
Predicted Opening Price for SOBR Safe, Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$0.146 ( 0.504%) | $0.146 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOBR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.163 | 12.05% |
R2 | 0.157 | 7.64% |
R1 | 0.153 | 4.91% |
Price | 0.146 | |
S1 | 0.140 | -3.91% |
S2 | 0.136 | -6.63% |
S3 | 0.129 | -11.04% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.172 | 18.21% |
R2 | 0.152 | 4.47% |
R1 | 0.150 | 3.09% |
Price | 0.146 | |
S1 | 0.139 | -4.47% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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