Sonic Foundry Stock Forecast

A very red day for Sonic Foundry stock price after a -98.00% fall in the Thursday trading session
(Updated on Apr 18, 2024)

SOFO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sonic Foundry 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 $0.0249 and $0.0226. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -99.33%. Further fall is indicated until a new bottom pivot has been found. Sonic Foundry gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sonic Foundry 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 1,022.67%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SOFO) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Sonic Foundry to open at $0.0003, and during the day (based on 14 day Average True Range), to move between -$0.0149 and $0.0155, which gives a possible trading interval of +/-$0.0152 (+/-5 057.54%) up or down from last closing price. If Sonic Foundry takes out the full calculated possible swing range there will be an estimated 10 115.08% move between the lowest and the highest trading price during the day.

Is Sonic Foundry stock A Buy?

Sonic Foundry 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.

Current score: -6.423 Strong Sell Candidate Unchanged

Predicted Opening Price for Sonic Foundry of Friday, April 19, 2024

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