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AI Analysis of SONDW
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Sonder Holdings Inc. stock price fell more than -15.00% Monday closing at $0.0102
(Updated on Jun 17, 2024)

Buy candidate since Jun 11, 2024 Loss -15.00% PDF

The Sonder Holdings Inc. stock price fell by -15.00% on the last day (Monday, 17th Jun 2024) from $0.0120 to $0.0102. During the last trading day the stock fluctuated 0% from a day low at $0.0102 to a day high of $0.0102. The price has fallen in 6 of the last 10 days and is down by -17.07% for this period. 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 -13 thousand shares and in total, 560 shares were bought and sold for approximately $5.71 .

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 67.76% during the next 3 months and, with a 90% probability hold a price between $0.0139 and $0.0284 at the end of this 3-month period.

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SONDW Signals & Forecast

The Sonder Holdings Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0118. On a fall, the stock will find some support from the long-term average at approximately $0.0102. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, June 13, 2024, and so far it has fallen -38.55%. 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 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.

Support, Risk & Stop-loss for Sonder Holdings Inc. stock

Sonder Holdings Inc. finds support from accumulated volume at $0.0099 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 31.15%.

Our recommended stop-loss: $0.0096 (-6.10%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (SONDW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Sonder Holdings Inc. to open at $0.0102, and during the day (based on 14 day Average True Range), to move between $0.0072 and $0.0132, which gives a possible trading interval of +/-$0.0030 (+/-29.55%) up or down from last closing price. If Sonder Holdings Inc. takes out the full calculated possible swing range there will be an estimated 59.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0104 (1.96%) than the support at $0.0099 (2.94%), 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, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sonder Holdings Inc. stock to perform well in the short-term.

Current score: 2.272 Buy Candidate Unchanged

Predicted Opening Price for Sonder Holdings Inc. of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
$0.0102 ( 0%) $0.0102

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

Trading levels for SONDW

Fibonacci Support & Resistance Levels

Level Price
R3 0.0102 -
R2 0.0102 -
R1 0.0102 -
Price 0.0102
S1 0.0102 -
S2 0.0102 -
S3 0.0102 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0123 20.59%
R2 0.0120 17.65%
R1 0.0104 1.96%
Price 0.0102
S1 0.0099 -2.94%
S2 0.0096 -5.88%
S3 0.0083 -18.63%

FAQ

What is the symbol for Sonder Holdings Inc. Stock and on which exchange is it traded?
The symbol for Sonder Holdings Inc. is SONDW and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sonder Holdings Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sonder Holdings Inc. stock to perform well in the short-term.

How to buy Sonder Holdings Inc. Stock?
Sonder Holdings Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sonder Holdings Inc. Stock.

What's the current price of Sonder Holdings Inc. Stock?
As of the end of day on the Jun 17, 2024, the price of an Sonder Holdings Inc. (SONDW) share was $0.0102.

What is the 52-week high and low for Sonder Holdings Inc. Stock?
The 52-week high for Sonder Holdings Inc. Stock is $0.0438 and the 52-week low is $0.0016.

What is the market capitalization of Sonder Holdings Inc. Stock?
As of the Jun 17, 2024, the market capitalization of Sonder Holdings Inc. is 30.715M.
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