SOPHiA GENETICS SA Stock Forecast
Red day on Wednesday for SOPHiA GENETICS SA
(Updated on May 01, 2024)
The SOPHiA GENETICS SA stock price fell by -1.18% on the last day (Wednesday, 1st May 2024) from $5.10 to $5.04. During the last trading day the stock fluctuated 2.19% from a day low at $5.02 to a day high of $5.13. The price has risen in 6 of the last 10 days and is up by 3.92% over the past 2 weeks. 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 -34 thousand shares and in total, 9 thousand shares were bought and sold for approximately $47.16 thousand.
The stock lies in the middle of a very wide and weak 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 6.22% during the next 3 months and, with a 90% probability hold a price between $4.67 and $6.21 at the end of this 3-month period.
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SOPH Signals & Forecast
The SOPHiA GENETICS SA 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 $5.04. On a fall, the stock will find some support from the long-term average at approximately $4.89. 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 Wednesday, March 27, 2024, and so far it has fallen -4.18%. 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 SOPHiA GENETICS SA stock
SOPHiA GENETICS SA finds support from accumulated volume at $5.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.110 between high and low, or 2.19%. For the last week the stock has had daily average volatility of 5.34%
Our recommended stop-loss: $4.82 (-4.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (SOPH) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect SOPHiA GENETICS SA to open at $5.06, and during the day (based on 14 day Average True Range), to move between $4.74 and $5.34, which gives a possible trading interval of +/-$0.302 (+/-5.99%) up or down from last closing price. If SOPHiA GENETICS SA takes out the full calculated possible swing range there will be an estimated 11.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.01 (0.60%) than the resistance at $5.08 (0.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SOPHiA GENETICS SA will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.280. We will update the financials statements for SOPHiA GENETICS SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 23.63% in the first trading day after earnings release.
Is SOPHiA GENETICS SA 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 SOPHiA GENETICS SA stock to perform well in the short-term.
Current score: 2.531 Buy Candidate Unchanged
Predicted Opening Price for SOPHiA GENETICS SA of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $5.06 ( 0.463%) | $5.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOPH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.17 | 2.65 % | |
| R2 | 5.13 | 1.81 % | ||
| R1 | 5.11 | 1.30 % | ||
| Current price: | 5.04 | |||
| Support | S1 | 5.02 | -0.371 % | |
| S2 | 5.00 | -0.89 % | ||
| S3 | 4.95 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.60 | 11.11 % | |
| R2 | 5.26 | 4.37 % | ||
| R1 | 5.08 | 0.794 % | ||
| Current price | 5.04 | |||
| Support | S1 | 5.01 | -0.595% | |
| S2 | 4.90 | -2.78% | ||
| S3 | 4.85 | -3.77% |
FAQ
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