Snipp Interactive Inc. Stock Forecast

Red day on Friday for Snipp Interactive Inc.
(Updated on May 17, 2024)

SPN.V Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. The Snipp Interactive 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 $0.118 and $0.123. A break-up above any of these levels will issue buy signals. Snipp Interactive 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Snipp Interactive Inc. stock

Snipp Interactive Inc. finds support from accumulated volume at $0.105 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: $0.104 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (SPN.V) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Snipp Interactive Inc. to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.103 and $0.117, which gives a possible trading interval of +/-$0.0068 (+/-6.20%) up or down from last closing price. If Snipp Interactive Inc. takes out the full calculated possible swing range there will be an estimated 12.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.115 (4.55%) than the support at $0.105 (4.55%), 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 Snipp Interactive Inc. stock A Buy?

Snipp Interactive Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.306 Hold/Accumulate Unchanged

Predicted Opening Price for Snipp Interactive Inc. of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.