Social Reality Inc Stock Forecast

High volatility in Social Reality Inc stock price on Friday which ended trading at $0.150
(Updated on May 10, 2024)

SRAX Signals & Forecast

The Social Reality Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.122 and $0.143. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -25.00%. 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). 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.

Support, Risk & Stop-loss for Social Reality 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.

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 $0.0399 between high and low, or 26.60%. For the last week the stock has had daily average volatility of 43.50%.

Our recommended stop-loss: $0.141 (-6.06%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (SRAX) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Social Reality Inc to open at $0.163, and during the day (based on 14 day Average True Range), to move between $0.0769 and $0.223, which gives a possible trading interval of +/-$0.0731 (+/-48.73%) up or down from last closing price. If Social Reality Inc takes out the full calculated possible swing range there will be an estimated 97.47% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.175, some $0.0250 (16.67%) from the current price of $0.150, our system finds the risk reward not very attractive.

Is Social Reality Inc stock A Buy?

Social Reality Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.178 Hold/Accumulate Unchanged

Predicted Opening Price for Social Reality Inc of Monday, May 13, 2024

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