SportsQuest, Inc. Stock Forecast
Volatile ride for SportsQuest, Inc. stock price on Friday moving between $0.0005 and $0.0006
(Updated on May 17, 2024)
The SportsQuest, Inc. stock price gained 10.00% on the last trading day (Friday, 17th May 2024), rising from $0.0005 to $0.0006. During the last trading day the stock fluctuated 20.00% from a day low at $0.0005 to a day high of $0.0006. The price has been going up and down for this period, and there has been a -8.33% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 973 thousand shares were bought and sold for approximately $535.15 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0005 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -44.55% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0006 at the end of this 3-month period.
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SPQS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 10.00%. 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 SportsQuest, 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 $0.0006 and $0.0009. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SportsQuest, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0005. 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 20.00%. For the last week the stock has had daily average volatility of 19.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPQS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SportsQuest, Inc. to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0007, which gives a possible trading interval of +/-$0.0001 (+/-26.42%) up or down from last closing price. If SportsQuest, Inc. takes out the full calculated possible swing range there will be an estimated 52.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0006 (9.09%) than the support at $0.0005 (9.09%), 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 SportsQuest, Inc. stock A Buy?
SportsQuest, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.534 Sell Candidate Upgraded
Predicted Opening Price for SportsQuest, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0006 ( 0%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPQS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0007 | 18.18 % | |
| R2 | 0.0006 | 11.24 % | ||
| R1 | 0.0006 | 6.95 % | ||
| Current price: | 0.0006 | |||
| Support | S1 | 0.0005 | -6.95 % | |
| S2 | 0.0005 | -11.24 % | ||
| S3 | 0.0005 | -18.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0007 | 18.18 % | ||
| R1 | 0.0006 | 9.09 % | ||
| Current price | 0.0006 | |||
| Support | S1 | 0.0005 | -9.09% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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