Spirit Technology Solutions Ltd. Stock Forecast
Spirit Technology Solutions Ltd. stock price down 0% on Friday
(Updated on May 31, 2024)
No changes to the price of Spirit Technology Solutions Ltd. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 2.44% from a day low at $0.0410 to a day high of $0.0420. The price has been going up and down for this period, and there has been a -2.38% loss for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.29% during the next 3 months and, with a 90% probability hold a price between $0.0340 and $0.0396 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ST1.AX Signals & Forecast
There are mixed signals in the stock today. The Spirit Technology Solutions Ltd. 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 $0.0414 and $0.0448. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 2.50%. 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). 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.
Support, Risk & Stop-loss for Spirit Technology Solutions Ltd. stock
Spirit Technology Solutions Ltd. finds support from accumulated volume at $0.0400 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0010 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ST1.AX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Spirit Technology Solutions Ltd. to open at $0.0413, and during the day (based on 14 day Average True Range), to move between $0.0392 and $0.0428, which gives a possible trading interval of +/-$0.0018 (+/-4.30%) up or down from last closing price. If Spirit Technology Solutions Ltd. takes out the full calculated possible swing range there will be an estimated 8.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0400 (2.44%) than the resistance at $0.0450 (9.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Spirit Technology Solutions Ltd. stock A Buy?
Spirit Technology Solutions Ltd. 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: -2.171 Sell Candidate Unchanged
Predicted Opening Price for Spirit Technology Solutions Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0413 ( 0.81%) | $0.0410 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ST1.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0423 | 3.25 % | |
| R2 | 0.0420 | 2.32 % | ||
| R1 | 0.0417 | 1.74 % | ||
| Current price: | 0.0410 | |||
| Support | S1 | 0.0410 | -0.119 % | |
| S2 | 0.0407 | -0.694 % | ||
| S3 | 0.0403 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0480 | 17.07 % | |
| R2 | 0.0460 | 12.20 % | ||
| R1 | 0.0450 | 9.76 % | ||
| Current price | 0.0410 | |||
| Support | S1 | 0.0400 | -2.44% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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