Society Pass Incorporated Stock Forecast
Red day on Monday for Society Pass Incorporated stock after losing 0.163%
(Updated on Apr 22, 2024)
The Society Pass Incorporated stock price fell by -0.163% on the last day (Monday, 22nd Apr 2024) from $0.123 to $0.122. During the last trading day the stock fluctuated 8.46% from a day low at $0.117 to a day high of $0.127. The price has fallen in 6 of the last 10 days and is down by -15.12% for this period. Volume has increased on the last day by 236 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 293 thousand shares were bought and sold for approximately $35.91 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.118 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.33% during the next 3 months and, with a 90% probability hold a price between $0.0832 and $0.118 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SOPA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.164%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Society Pass Incorporated stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.124 and $0.156. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Society Pass Incorporated 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 Society Pass Incorporated stock
Society Pass Incorporated finds support from accumulated volume at $0.122 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0099 between high and low, or 8.46%. For the last week, the stock has had daily average volatility of 5.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOPA) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Society Pass Incorporated to open at $0.122, and during the day (based on 14 day Average True Range), to move between $0.108 and $0.137, which gives a possible trading interval of +/-$0.0144 (+/-11.73%) up or down from last closing price. If Society Pass Incorporated takes out the full calculated possible swing range there will be an estimated 23.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.122 (0.08%) than the resistance at $0.131 (7.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Society Pass Incorporated stock A Buy?
Society Pass Incorporated 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: -4.846 Sell Candidate Unchanged
Predicted Opening Price for Society Pass Incorporated of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.122 ( 0.245%) | $0.122 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOPA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.132 | 7.84 % | |
| R2 | 0.128 | 4.75 % | ||
| R1 | 0.126 | 2.84 % | ||
| Current price: | 0.122 | |||
| Support | S1 | 0.118 | -3.33 % | |
| S2 | 0.116 | -5.24 % | ||
| S3 | 0.112 | -8.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.148 | 20.92 % | |
| R2 | 0.145 | 18.63 % | ||
| R1 | 0.131 | 7.19 % | ||
| Current price | 0.122 | |||
| Support | S1 | 0.122 | -0.0817% | |
| S2 | 0.122 | -0.163% | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Society Pass Incorporated Stock.
