Steakholder Foods Ltd. Stock Forecast
Green day on Wednesday for Steakholder Foods Ltd.
(Updated on Jun 26, 2024)
The Steakholder Foods Ltd. stock price gained 0.287% on the last trading day (Wednesday, 26th Jun 2024), rising from $3.49 to $3.50. During the last trading day the stock fluctuated 4.96% from a day low at $3.43 to a day high of $3.60. The price has fallen in 7 of the last 10 days and is down by -11.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $51.26 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 10.67% during the next 3 months and, with a 90% probability hold a price between $1.12 and $6.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
STKH Signals & Forecast
There are mixed signals in the stock today. The Steakholder Foods Ltd. 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 $4.00. On a fall, the stock will find some support from the short-term average at $3.45. 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, April 04, 2024, and so far it has fallen -32.69%. 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). Steakholder Foods Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Steakholder Foods Ltd. stock
Steakholder Foods Ltd. finds support from accumulated volume at $3.49 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.170 between high and low, or 4.96%. For the last week, the stock has had daily average volatility of 6.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STKH) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Steakholder Foods Ltd. to open at $3.51, and during the day (based on 14 day Average True Range), to move between $3.21 and $3.79, which gives a possible trading interval of +/-$0.288 (+/-8.23%) up or down from last closing price. If Steakholder Foods Ltd. takes out the full calculated possible swing range there will be an estimated 16.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.49 (0.29%) than the resistance at $4.02 (14.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Steakholder Foods Ltd. stock A Buy?
Steakholder Foods 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: -2.996 Sell Candidate Unchanged
Predicted Opening Price for Steakholder Foods Ltd. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$3.51 ( 0.286%) | $3.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STKH
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.68 | 5.14% |
R2 | 3.62 | 3.29% |
R1 | 3.57 | 2.14% |
Price | 3.50 | |
S1 | 3.45 | -1.57% |
S2 | 3.40 | -2.72% |
S3 | 3.34 | -4.57% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.37 | 24.71% |
R2 | 4.30 | 22.86% |
R1 | 4.02 | 14.86% |
Price | 3.50 | |
S1 | 3.49 | -0.286% |
S2 | 3.48 | -0.571% |
S3 | 3.28 | -6.35% |
FAQ
Click here for our free guide on how to buy Steakholder Foods Ltd. Stock.