SOBR Safe, Inc. Stock Forecast
SOBR Safe, Inc. stock price ended at $0.290 on Thursday, after losing 0.0345%.
(Updated on May 02, 2024)
The SOBR Safe, Inc. stock price fell by -0.0345% on the last day (Thursday, 2nd May 2024) from $0.290 to $0.290. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 8.93% from a day low at $0.280 to a day high of $0.305. The price has fallen in 6 of the last 10 days but is still up by 13.29% 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 -65 thousand shares and in total, 50 thousand shares were bought and sold for approximately $14.46 thousand.
Given the current short-term trend, the stock is expected to fall -65.36% during the next 3 months and, with a 90% probability hold a price between $0.0526 and $0.100 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SOBR Signals & Forecast
There are mixed signals in the stock today. 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 $0.295 and $0.343. 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 Wednesday, April 17, 2024, and so far it has risen 15.77%. 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 SOBR Safe, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.258 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, SOBR Safe, Inc. finds support just below today's level at $0.258. If this is broken, then the next support from accumulated volume will be at $0.252 and $0.250.
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 $0.0250 between high and low, or 8.93%. For the last week the stock has had daily average volatility of 11.34%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect SOBR Safe, Inc. to open at $0.292, and during the day (based on 14 day Average True Range), to move between $0.243 and $0.337, which gives a possible trading interval of +/-$0.0467 (+/-16.12%) up or down from last closing price. If SOBR Safe, Inc. takes out the full calculated possible swing range there will be an estimated 32.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.302 (4.21%) than the support at $0.258 (10.87%), 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 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: -3.079 Sell Candidate Unchanged
Predicted Opening Price for SOBR Safe, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.292 ( 0.598%) | $0.290 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.317 | 9.22 % | |
| R2 | 0.307 | 5.93 % | ||
| R1 | 0.301 | 3.89 % | ||
| Current price: | 0.290 | |||
| Support | S1 | 0.282 | -2.70 % | |
| S2 | 0.276 | -4.73 % | ||
| S3 | 0.267 | -8.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.320 | 10.45 % | |
| R2 | 0.315 | 8.73 % | ||
| R1 | 0.302 | 4.21 % | ||
| Current price | 0.290 | |||
| Support | S1 | 0.258 | -10.87% | |
| S2 | 0.252 | -13.14% | ||
| S3 | 0.250 | -13.63% |
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