SPYR Inc Stock Forecast

Red day on Friday for SPYR Inc stock after losing 0%
(Updated on May 03, 2024)

SPYR Signals & Forecast

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 SPYR 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 $0.0001. On a fall, the stock will find some support from the short-term average at $0.00008714. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for SPYR Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 40.00%

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

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

For the upcoming trading day on Monday, 6th we expect SPYR Inc to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00004525 and $0.0002, which gives a possible trading interval of +/-$0.00005475 (+/-54.75%) up or down from last closing price. If SPYR Inc takes out the full calculated possible swing range there will be an estimated 109.49% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0001, some $0.000004 (4.00%) from the current price of $0.0001, our system finds the risk reward not very attractive.

Is SPYR Inc stock A Buy?

SPYR 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: -3.715 Sell Candidate Unchanged

Predicted Opening Price for SPYR Inc of Monday, May 6, 2024

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