SpectralCast, Inc. Stock Forecast
Big movements in SpectralCast, Inc. stock price on Friday moving 13.87% between high and low
(Updated on Jun 28, 2024)
The SpectralCast, Inc. stock price fell by -0.577% on the last day (Friday, 28th Jun 2024) from $0.503 to $0.500. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 13.87% from a day low at $0.470 to a day high of $0.535. The price has fallen in 6 of the last 10 days but is still up by 1.83% over the past 2 weeks. Volume has increased on the last day by 16 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, 226 thousand shares were bought and sold for approximately $112.86 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.583 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -37.71% during the next 3 months and, with a 90% probability hold a price between $0.0991 and $0.363 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.
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SPEC Signals & Forecast
The SpectralCast, 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 $0.497 and $0.438. 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 Tuesday, June 25, 2024, and so far it has fallen -16.65%. Further fall is indicated until a new bottom pivot has been found. SpectralCast, 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 SpectralCast, Inc. stock
SpectralCast, Inc. finds support from accumulated volume at $0.490 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 $0.0652 between high and low, or 13.87%. For the last week, the stock has had daily average volatility of 23.17%.
Our recommended stop-loss: $0.481 (-3.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (SPEC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SpectralCast, Inc. to open at $0.502, and during the day (based on 14 day Average True Range), to move between $0.390 and $0.610, which gives a possible trading interval of +/-$0.110 (+/-21.98%) up or down from last closing price. If SpectralCast, Inc. takes out the full calculated possible swing range there will be an estimated 43.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.504 (0.70%) than the support at $0.490 (2.02%), 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 SpectralCast, Inc. stock A Buy?
SpectralCast, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.486 Hold/Accumulate Unchanged
Predicted Opening Price for SpectralCast, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.502 ( 0.347%) | $0.500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPEC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.567 | 13.38% |
| R2 | 0.542 | 8.40% |
| R1 | 0.527 | 5.33% |
| Price | 0.500 | |
| S1 | 0.477 | -4.63% |
| S2 | 0.462 | -7.71% |
| S3 | 0.437 | -12.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.600 | 19.98% |
| R2 | 0.527 | 5.38% |
| R1 | 0.504 | 0.700% |
| Price | 0.500 | |
| S1 | 0.490 | -2.02% |
| S2 | 0.428 | -14.34% |
| S3 | 0.400 | -20.02% |
FAQ
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