Solitron Devices, Inc. Stock Forecast
Red day on Friday for Solitron Devices, Inc. stock after losing 0%
(Updated on May 17, 2024)
No changes to the price of Solitron Devices, Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $18.00 to a day high of $18.00. The price has been going up and down for this period, and there has been a -0.55% loss for the last 2 weeks.
The stock lies in the middle of a 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 -3.96% during the next 3 months and, with a 90% probability hold a price between $15.64 and $19.49 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SODI Signals & Forecast
There are few to no technical positive signals at the moment. The Solitron Devices, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $18.06 and $18.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -3.90%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Solitron Devices, Inc. stock
Solitron Devices, Inc. finds support from accumulated volume at $17.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.381%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SODI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Solitron Devices, Inc. to open at $18.00, and during the day (based on 14 day Average True Range), to move between $17.75 and $18.25, which gives a possible trading interval of +/-$0.252 (+/-1.40%) up or down from last closing price. If Solitron Devices, Inc. takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.99 (0.06%) than the resistance at $18.12 (0.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Solitron Devices, Inc. stock A Buy?
Solitron Devices, Inc. holds several negative signals and is within a 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.
Current score: -1.434 Sell Candidate Unchanged
Predicted Opening Price for Solitron Devices, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $18.00 ( 0%) | $18.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SODI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.00 | . | |
| R2 | 18.00 | . | ||
| R1 | 18.00 | . | ||
| Current price: | 18.00 | |||
| Support | S1 | 18.00 | . | |
| S2 | 18.00 | . | ||
| S3 | 18.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.00 | 16.67 % | |
| R2 | 18.15 | 0.83 % | ||
| R1 | 18.12 | 0.653 % | ||
| Current price | 18.00 | |||
| Support | S1 | 17.99 | -0.0556% | |
| S2 | 17.75 | -1.39% | ||
| S3 | 17.55 | -2.50% |
SODI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2015 | Jun 25, 2015 | Jul 22, 2015 | $0.250 | 5.81% |
| 2 | Jun 05, 2014 | Jun 05, 2014 | Jun 05, 2014 | $0.0500 | 1.20% |
FAQ
Click here for our free guide on how to buy Solitron Devices, Inc. Stock.
