Sonder Holdings Inc. Stock Forecast
Sonder Holdings Inc. stock price ended at $4.37 on Tuesday, after losing 0%.
(Updated on Jul 02, 2024)
No changes to the price of Sonder Holdings Inc. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 5.15% from a day low at $4.27 to a day high of $4.49. The price has risen in 6 of the last 10 days and is up by 10.63% over the past 2 weeks.
The stock lies in the middle of a very 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 -8.46% during the next 3 months and, with a 90% probability hold a price between $2.65 and $4.86 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.
SOND Signals & Forecast
The Sonder Holdings Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.34 and $3.73. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -5.62%. Further fall is indicated until a new bottom pivot has been found. 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 Sonder Holdings Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.05 and $3.60. 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, Sonder Holdings Inc. finds support just below today's level at $4.05. If this is broken, then the next support from accumulated volume will be at $3.60 and $3.55.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.220 between high and low, or 5.15%. For the last week the stock has had daily average volatility of 9.71%.
Our recommended stop-loss: $4.18 (-4.25%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (SOND) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sonder Holdings Inc. to open at $4.38, and during the day (based on 14 day Average True Range), to move between $4.00 and $4.74, which gives a possible trading interval of +/-$0.372 (+/-8.51%) up or down from last closing price. If Sonder Holdings Inc. takes out the full calculated possible swing range there will be an estimated 17.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.52 (3.43%) than the support at $4.05 (7.32%), 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 Sonder Holdings Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.266 Buy Candidate Unchanged
Predicted Opening Price for Sonder Holdings Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $4.38 ( 0.153%) | $4.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOND
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.60 | 5.19% |
| R2 | 4.51 | 3.26% |
| R1 | 4.46 | 2.08% |
| Price | 4.37 | |
| S1 | 4.29 | -1.77% |
| S2 | 4.24 | -2.96% |
| S3 | 4.16 | -4.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.18 | 18.54% |
| R2 | 4.75 | 8.70% |
| R1 | 4.52 | 3.43% |
| Price | 4.37 | |
| S1 | 4.05 | -7.32% |
| S2 | 3.60 | -17.62% |
| S3 | 3.55 | -18.76% |
FAQ
Click here for our free guide on how to buy Sonder Holdings Inc. Stock.
