Ssc Fund Forecast

Sell candidate since May 06, 2020 Loss -3.12%

The SSC fund price gained 0.768% on the last trading day (Friday, 8th May 2020), rising from $0.521 to $0.525. During the last trading day the fund fluctuated 8.48% from a day low at $0.500 to a day high of $0.542. The price has fallen in 7 of the last 10 days and is down by -21.77% for this period. Volume fell on the last day by -42 thousand shares and in total, 1 million shares were bought and sold for approximately $650.84 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The fund lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.501 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the fund is expected to rise 26.77% during the next 3 months and, with a 90% probability hold a price between $0.635 and $1.87 at the end of this 3-month period.

SSC Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 07, 2020, and so far it has risen 0.768%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The SSC fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the fund. 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 $0.563 and $0.744. A break-up above any of these levels will issue buy signals. 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 also not.

Support, Risk & Stop-loss for SSC fund

SSC finds support from accumulated volume at $0.521 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund 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 fund During the last day, the fund moved $0.0424 between high and low, or 8.48%. For the last week the fund has had daily average volatility of 10.02%

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

Trading Expectations (SSC) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect SSC to open at $0.522, and during the day (based on 14 day Average True Range), to move between $0.476 and $0.574, which gives a possible trading interval of +/-$0.0973 (+/-20.42%) up or down from last closing price. If SSC takes out the full calculated possible swing range there will be an estimated 20.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.521 (0.76%) than the resistance at $0.550 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SSC fund A Buy?

The SSC fund holds several negative signals and despite the positive trend, we believe SSC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this fund.

Current score: -2.182 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on May 11, 2020 - $0.522 ( 0.483%).

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