Social Reality Inc Stock Forecast
High volatility in Social Reality Inc stock price on Friday which ended trading at $0.0700
(Updated on Apr 26, 2024)
The Social Reality Inc stock price fell by -63.14% on the last day (Friday, 26th Apr 2024) from $0.190 to $0.0700. During the last trading day the stock fluctuated 171.29% from a day low at $0.0700 to a day high of $0.190. The price has been going up and down for this period, and there has been a 11.82% gain for the last 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $112.00 .
Given the current short-term trend, the stock is expected to rise 147.37% during the next 3 months and, with a 90% probability hold a price between $0.173 and $0.779 at the end of this 3-month period.
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SRAX Signals & Forecast
There are few to no technical positive signals at the moment. The Social Reality Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.171 and $0.146. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -65.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Social Reality 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 Social Reality Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0626. 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.120 between high and low, or 171.29%. For the last week, the stock has had daily average volatility of 34.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRAX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Social Reality Inc to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.0030 and $0.137, which gives a possible trading interval of +/-$0.0670 (+/-95.72%) up or down from last closing price. If Social Reality Inc takes out the full calculated possible swing range there will be an estimated 191.45% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0626, some $0.0074 (10.57%) from the current price of $0.0700, our system finds the risk reward attractive.
Is Social Reality Inc stock A Buy?
The Social Reality Inc stock holds several negative signals and despite the positive trend, we believe Social Reality Inc will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -1.994 Sell Candidate Downgraded
Predicted Opening Price for Social Reality Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.110 ( 57.10%) | $0.0700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRAX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.230 | 228.38 % | |
| R2 | 0.184 | 162.95 % | ||
| R1 | 0.156 | 122.53 % | ||
| Current price: | 0.0700 | |||
| Support | S1 | 0.0642 | -8.34 % | |
| S2 | 0.0359 | -48.76 % | ||
| S3 | -0.0099 | -114.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0700 | |||
| Support | S1 | 0.0626 | -10.57% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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