System1, Inc. Wt Stock Forecast

Red day on Tuesday for System1, Inc. Wt
(Updated on Jun 25, 2024)

SST-WT Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The System1, Inc. Wt 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 $0.0567 and $0.0653. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for System1, Inc. Wt 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 with good liquidity the risk is considered very low in this 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 0%.

Our recommended stop-loss: $0.0522 (-6.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (SST-WT) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect System1, Inc. Wt to open at $0.0557, and during the day (based on 14 day Average True Range), to move between $0.0480 and $0.0634, which gives a possible trading interval of +/-$0.0077 (+/-13.75%) up or down from last closing price. If System1, Inc. Wt takes out the full calculated possible swing range there will be an estimated 27.51% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0560, some $0.0003 (0.54%) from the current price of $0.0557, our system finds the risk reward not very attractive.

Is System1, Inc. Wt stock A Buy?

System1, Inc. Wt holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for System1, Inc. Wt of Wednesday, June 26, 2024

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