Solidion Technology Inc. Stock Forecast

High volatility in Solidion Technology Inc. stock price on Friday which ended trading at $2.40
(Updated on May 03, 2024)

STI Signals & Forecast

There are mixed signals in the stock today. The Solidion Technology Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.01. On a fall, the stock will find some support from the short-term average at $2.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -1.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Solidion Technology Inc. stock

Solidion Technology Inc. finds support from accumulated volume at $2.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock 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 stock During the last day, the stock moved $0.250 between high and low, or 10.63%. For the last week the stock has had daily average volatility of 23.12%

Our recommended stop-loss: $2.29 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (STI) For The Upcoming Trading Day Of Monday 6th

Since the stock is closer to the resistance from accumulated volume at $2.41 (0.42%) than the support at $2.30 (4.17%), 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 Solidion Technology Inc. stock A Buy?

Solidion Technology 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.

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 Solidion Technology Inc. of Monday, May 6, 2024

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