Stargaze Entertainment Group Inc. Stock Forecast

On Friday, Stargaze Entertainment Group Inc. stock price gained an impressive 29.11%
(Updated on May 17, 2024)

STGZ Signals & Forecast

The Stargaze Entertainment Group 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 $0.0045 and $0.0050. 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 Wednesday, April 24, 2024, and so far it has fallen -27.14%. 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 Stargaze Entertainment Group Inc. stock

Stargaze Entertainment Group Inc. finds support from accumulated volume at $0.0050 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 48.49%.

Our recommended stop-loss: $0.0049 (-4.83%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (STGZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Stargaze Entertainment Group Inc. to open at $0.0051, and during the day (based on 14 day Average True Range), to move between $0.0042 and $0.0060, which gives a possible trading interval of +/-$0.0009 (+/-18.28%) up or down from last closing price. If Stargaze Entertainment Group Inc. takes out the full calculated possible swing range there will be an estimated 36.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0050 (1.96%) than the resistance at $0.0054 (5.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Stargaze Entertainment Group Inc. stock A Buy?

Stargaze Entertainment Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.108 Hold/Accumulate Upgraded

Predicted Opening Price for Stargaze Entertainment Group Inc. of Monday, May 20, 2024

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