Sow Good Inc. Stock Forecast
Sow Good Inc. stock price ended at $10.05 on Wednesday, after losing 0.298%.
(Updated on May 08, 2024)
The Sow Good Inc. stock price fell by -0.298% on the last day (Wednesday, 8th May 2024) from $10.08 to $10.05. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.95% from a day low at $10.00 to a day high of $10.10. The price has fallen in 9 of the last 10 days and is down by -42.57% for this period. Volume has increased on the last day by 12 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, 18 thousand shares were bought and sold for approximately $177.06 thousand.
Given the current short-term trend, the stock is expected to rise 60.43% during the next 3 months and, with a 90% probability hold a price between $16.12 and $39.71 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.
SOWG Signals & Forecast
There are few to no technical positive signals at the moment. The Sow Good Inc. 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 $10.50 and $14.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -54.32%. 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). Sow Good Inc. 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".
Support, Risk & Stop-loss for Sow Good Inc. stock
Sow Good Inc. finds support from accumulated volume at $9.75 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 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 $0.0950 between high and low, or 0.95%. For the last week, the stock has had daily average volatility of 4.24%.
Sow Good Inc. is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOWG) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Sow Good Inc. to open at $10.05, and during the day (based on 14 day Average True Range), to move between $8.78 and $11.32, which gives a possible trading interval of +/-$1.27 (+/-12.60%) up or down from last closing price. If Sow Good Inc. takes out the full calculated possible swing range there will be an estimated 25.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.15 (1.00%) than the support at $9.75 (2.99%), 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 Sow Good Inc. stock A Buy?
The Sow Good Inc. stock holds several negative signals and despite the positive trend, we believe Sow Good Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.241 Sell Candidate Unchanged
Predicted Opening Price for Sow Good Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $10.05 ( 0.0166%) | $10.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOWG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.14 | 0.93 % | |
| R2 | 10.11 | 0.568 % | ||
| R1 | 10.08 | 0.345 % | ||
| Current price: | 10.05 | |||
| Support | S1 | 10.01 | -0.378 % | |
| S2 | 9.99 | -0.601 % | ||
| S3 | 9.95 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.29 | 22.29 % | |
| R2 | 10.22 | 1.69 % | ||
| R1 | 10.15 | 1.00 % | ||
| Current price | 10.05 | |||
| Support | S1 | 9.75 | -2.99% | |
| S2 | 9.50 | -5.47% | ||
| S3 | 9.00 | -10.45% |
FAQ
Click here for our free guide on how to buy Sow Good Inc. Stock.
