Solidion Technology Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Solidion Technology Inc. stock price on Friday moving between $2.35 and $2.60
(Updated on May 03, 2024)
The Solidion Technology Inc. stock price fell by -1.64% on the last day (Friday, 3rd May 2024) from $2.44 to $2.40. During the last trading day the stock fluctuated 10.63% from a day low at $2.35 to a day high of $2.60. The price has risen in 6 of the last 10 days and is up by 71.43% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -254 thousand shares and in total, 162 thousand shares were bought and sold for approximately $388.69 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 48.94% during the next 3 months and, with a 90% probability hold a price between $3.11 and $4.35 at the end of this 3-month period.
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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
Fair opening price May 6, 2024 | Current price |
---|---|
$2.45 ( 2.08%) | $2.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.70 | 12.49 % | |
R2 | 2.60 | 8.52 % | ||
R1 | 2.55 | 6.06 % | ||
Current price: | 2.40 | |||
Support | S1 | 2.35 | -1.90 % | |
S2 | 2.30 | -4.35 % | ||
S3 | 2.20 | -8.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 2.44 | 1.67 % | ||
R1 | 2.41 | 0.417 % | ||
Current price | 2.40 | |||
Support | S1 | 2.30 | -4.17% | |
S2 | 2.16 | -10.00% | ||
S3 | 1.98 | -17.50% |
STI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 28, 2019 | Nov 07, 2019 | Nov 18, 2019 | $0.560 | 0.788% |
2 | Aug 13, 2019 | Aug 29, 2019 | Sep 16, 2019 | $0.560 | 0.82% |
3 | Apr 23, 2019 | May 30, 2019 | Jun 17, 2019 | $0.500 | 0.792% |
4 | Feb 15, 2019 | Feb 27, 2019 | Mar 15, 2019 | $0.500 | 0.784% |
5 | Nov 14, 2018 | Nov 29, 2018 | Dec 17, 2018 | $0.500 | 0.97% |
FAQ
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