Spire Global, Inc. Stock Forecast
High volatility in Spire Global, Inc. stock price on Monday which ended trading at $10.17
(Updated on Apr 15, 2024)
The Spire Global, Inc. stock price fell by -6.78% on the last day (Monday, 15th Apr 2024) from $10.91 to $10.17. During the last trading day the stock fluctuated 11.37% from a day low at $10.11 to a day high of $11.26. The price has been going up and down for this period, and there has been a -12.33% loss for the last 2 weeks. Volume has increased on the last day by 144 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, 482 thousand shares were bought and sold for approximately $4.91 million.
Given the current short-term trend, the stock is expected to rise 47.63% during the next 3 months and, with a 90% probability hold a price between $15.01 and $28.29 at the end of this 3-month period.
SPIR Signals & Forecast
There are few to no technical positive signals at the moment. The Spire Global, 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 $11.55 and $12.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -41.79%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Spire Global, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.15. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $1.15 between high and low, or 11.37%. For the last week, the stock has had daily average volatility of 7.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPIR) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Spire Global, Inc. to open at $10.51, and during the day (based on 14 day Average True Range), to move between $9.01 and $11.33, which gives a possible trading interval of +/-$1.16 (+/-11.38%) up or down from last closing price. If Spire Global, Inc. takes out the full calculated possible swing range there will be an estimated 22.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.39 (12.00%) than the support at $8.15 (19.86%), 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 Spire Global, Inc. stock A Buy?
The Spire Global, Inc. stock holds several negative signals and despite the positive trend, we believe Spire Global, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.648 Sell Candidate Unchanged
Predicted Opening Price for Spire Global, Inc. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $10.51 ( 3.38%) | $10.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPIR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.66 | 14.68 % | |
| R2 | 11.22 | 10.36 % | ||
| R1 | 10.95 | 7.70 % | ||
| Current price: | 10.17 | |||
| Support | S1 | 10.07 | -0.94 % | |
| S2 | 9.80 | -3.61 % | ||
| S3 | 9.36 | -7.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.03 | 18.29 % | |
| R2 | 11.64 | 14.45 % | ||
| R1 | 11.39 | 12.00 % | ||
| Current price | 10.17 | |||
| Support | S1 | 8.15 | -19.86% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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