Stevia Corp Stock Forecast
Volatile ride for Stevia Corp stock price on Friday moving between $0.0026 and $0.0033
(Updated on May 17, 2024)
The Stevia Corp stock price gained 3.12% on the last trading day (Friday, 17th May 2024), rising from $0.0032 to $0.0033. During the last trading day the stock fluctuated 26.92% from a day low at $0.0026 to a day high of $0.0033. The price has fallen in 5 of the last 10 days and is down by -5.71% for this period. Volume fell on the last day by -110 thousand shares and in total, 22 thousand shares were bought and sold for approximately $73.92 . 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 stock lies in the middle of a very 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 -20.72% during the next 3 months and, with a 90% probability hold a price between $0.0012 and $0.0035 at the end of this 3-month period.
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STEV Signals & Forecast
The Stevia Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0031 and $0.0031. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -39.45%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Stevia Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0031 and $0.0030. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Stevia Corp finds support just below today's level at $0.0031. If this is broken, then the next support from accumulated volume will be at $0.0030 and $0.0026.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0007 between high and low, or 26.92%. For the last week the stock has had daily average volatility of 22.35%.
Our recommended stop-loss: $0.0031 (-5.32%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 58 days ago.)
Trading Expectations (STEV) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Stevia Corp to open at $0.0031, and during the day (based on 14 day Average True Range), to move between $0.0027 and $0.0039, which gives a possible trading interval of +/-$0.0006 (+/-18.63%) up or down from last closing price. If Stevia Corp takes out the full calculated possible swing range there will be an estimated 37.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0035 (6.06%) than the support at $0.0031 (6.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Stevia Corp stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.839 Buy Candidate Unchanged
Predicted Opening Price for Stevia Corp of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0031 ( 7.07%) | $0.0033 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STEV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0038 | 14.14 % | |
| R2 | 0.0035 | 6.04 % | ||
| R1 | 0.0033 | 1.03 % | ||
| Current price: | 0.0033 | |||
| Support | S1 | 0.0028 | -15.17 % | |
| S2 | 0.0026 | -20.18 % | ||
| S3 | 0.0024 | -28.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0041 | 24.24 % | |
| R2 | 0.0037 | 12.73 % | ||
| R1 | 0.0035 | 6.06 % | ||
| Current price | 0.0033 | |||
| Support | S1 | 0.0031 | -6.06% | |
| S2 | 0.0030 | -9.09% | ||
| S3 | 0.0026 | -21.21% |
FAQ
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