Spectra7 Microsystems Inc Stock Forecast

Spectra7 Microsystems Inc stock price up more than 26.31% on Friday
(Updated on May 03, 2024)

SPVNF Signals & Forecast

There are mixed signals in the stock today. The Spectra7 Microsystems Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.284. On a fall, the stock will find some support from the short-term average at $0.0842. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 37.90%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Spectra7 Microsystems Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0964 and $0.0890. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Spectra7 Microsystems Inc finds support just below today's level at $0.0964. If this is broken, then the next support from accumulated volume will be at $0.0890 and $0.0860.

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 $0.0034 between high and low, or 3.39%. For the last week the stock has had daily average volatility of 0.678%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SPVNF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Spectra7 Microsystems Inc to open at $0.103, and during the day (based on 14 day Average True Range), to move between $0.0720 and $0.135, which gives a possible trading interval of +/-$0.0317 (+/-30.57%) up or down from last closing price. If Spectra7 Microsystems Inc takes out the full calculated possible swing range there will be an estimated 61.14% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0964, some $0.0073 (7.04%) from the current price of $0.104, our system finds the risk reward attractive.

Is Spectra7 Microsystems Inc stock A Buy?

Spectra7 Microsystems Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.324 Sell Candidate Unchanged

Predicted Opening Price for Spectra7 Microsystems Inc of Monday, May 6, 2024

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