SOL Global Investments Corp. Stock Forecast
On Friday, SOL Global Investments Corp. stock price gained an impressive 25.00%
(Updated on May 03, 2024)
The SOL Global Investments Corp. stock price gained 25.00% on the last trading day (Friday, 3rd May 2024), rising from $0.0400 to $0.0500. During the last trading day the stock fluctuated 0% from a day low at $0.0500 to a day high of $0.0500. The price has been going up and down for this period, and there has been a 25% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $1.10 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0533 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -57.42% during the next 3 months and, with a 90% probability hold a price between $0.0064 and $0.0227 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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SOL.CN Signals & Forecast
The SOL Global Investments Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0436 and $0.0494. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 66.67%. 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). SOL Global Investments Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SOL Global Investments Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0450 and $0.0400. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0400 may give a huge drop in the stock price.
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 2.22%.
Our recommended stop-loss: $0.0481 (-3.72%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (SOL.CN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SOL Global Investments Corp. to open at $0.0500, and during the day (based on 14 day Average True Range), to move between $0.0445 and $0.0555, which gives a possible trading interval of +/-$0.0055 (+/-11.08%) up or down from last closing price. If SOL Global Investments Corp. takes out the full calculated possible swing range there will be an estimated 22.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0550 (10.00%) than the support at $0.0450 (10.00%), 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 SOL Global Investments Corp. stock A Buy?
SOL Global Investments Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 SOL Global Investments Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0500 ( 0.00000000%) | $0.0500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOL.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0500 | 0.00000000 % | |
| R2 | 0.0500 | 0.00000000 % | ||
| R1 | 0.0500 | 0.00000000 % | ||
| Current price: | 0.0500 | |||
| Support | S1 | 0.0500 | 0.00000000 % | |
| S2 | 0.0500 | 0.00000000 % | ||
| S3 | 0.0500 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0600 | 20.00 % | ||
| R1 | 0.0550 | 10.00 % | ||
| Current price | 0.0500 | |||
| Support | S1 | 0.0450 | -10.00% | |
| S2 | 0.0400 | -20.00% | ||
| S3 | 0 | . |
FAQ
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