Spectra7 Microsystems Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Spectra7 Microsystems Inc stock price on Friday which ended trading at $0.0900
(Updated on May 17, 2024)
The Spectra7 Microsystems Inc stock price fell by -0.222% on the last day (Friday, 17th May 2024) from $0.0902 to $0.0900. During the last trading day the stock fluctuated 11.23% from a day low at $0.0846 to a day high of $0.0941. The price has been going up and down for this period, and there has been a -13.21% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 thousand shares and in total, 48 thousand shares were bought and sold for approximately $4.28 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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SPVNF Signals & Forecast
There are mixed signals in the stock today. The Spectra7 Microsystems 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 $0.0910 and $0.188. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 19.68%. 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).
Support, Risk & Stop-loss for Spectra7 Microsystems Inc stock
Spectra7 Microsystems Inc finds support from accumulated volume at $0.0865 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0095 between high and low, or 11.23%. For the last week the stock has had daily average volatility of 6.56%.
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 20th
For the upcoming trading day on Monday, 20th we expect Spectra7 Microsystems Inc to open at $0.0896, and during the day (based on 14 day Average True Range), to move between $0.0708 and $0.109, which gives a possible trading interval of +/-$0.0192 (+/-21.38%) up or down from last closing price. If Spectra7 Microsystems Inc takes out the full calculated possible swing range there will be an estimated 42.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0902 (0.22%) than the support at $0.0865 (3.89%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.126 Strong Sell Candidate Downgraded
Predicted Opening Price for Spectra7 Microsystems Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0896 ( 0.481%) | $0.0900 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPVNF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0991 | 10.07 % | |
| R2 | 0.0954 | 6.04 % | ||
| R1 | 0.0932 | 3.55 % | ||
| Current price: | 0.0900 | |||
| Support | S1 | 0.0859 | -4.51 % | |
| S2 | 0.0837 | -7.00 % | ||
| S3 | 0.0801 | -11.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0964 | 7.11 % | |
| R2 | 0.0925 | 2.78 % | ||
| R1 | 0.0902 | 0.222 % | ||
| Current price | 0.0900 | |||
| Support | S1 | 0.0865 | -3.89% | |
| S2 | 0.0770 | -14.44% | ||
| S3 | 0.0765 | -15.00% |
FAQ
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