Star8 Corp. Stock Forecast
Star8 Corp. stock price up more than 14.29% on Tuesday
(Updated on Jun 25, 2024)
The Star8 Corp. stock price gained 14.29% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0140 to $0.0160. During the last trading day the stock fluctuated 0% from a day low at $0.0160 to a day high of $0.0160. The price has fallen in 4 of the last 10 days and is down by -20% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $160.00 .
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0143 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 293.90% during the next 3 months and, with a 90% probability hold a price between $0.0564 and $0.106 at the end of this 3-month period.
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STRH Signals & Forecast
The Star8 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 $0.0153 and $0.0152. A breakdown below any of these levels will issue sell signals. Star8 Corp. 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. 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, May 29, 2024, and so far it has fallen -23.81%. 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).
Support, Risk & Stop-loss for Star8 Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0150 and $0.0140. 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, Star8 Corp. finds support just below today's level at $0.0150. If this is broken, then the next support from accumulated volume will be at $0.0140 and $0.0128.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band 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 2.52%.
Our recommended stop-loss: $0.0150 (-6.02%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 75 days ago.)
Trading Expectations (STRH) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Star8 Corp. to open at $0.0160, and during the day (based on 14 day Average True Range), to move between $0.0136 and $0.0184, which gives a possible trading interval of +/-$0.0024 (+/-15.31%) up or down from last closing price. If Star8 Corp. takes out the full calculated possible swing range there will be an estimated 30.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0165 (3.13%) than the support at $0.0150 (6.25%), 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 Star8 Corp. stock A Buy?
Star8 Corp. 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 Star8 Corp. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0160 ( 0%) | $0.0160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STRH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0160 | - |
| R2 | 0.0160 | - |
| R1 | 0.0160 | - |
| Price | 0.0160 | |
| S1 | 0.0160 | - |
| S2 | 0.0160 | - |
| S3 | 0.0160 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0189 | 18.03% |
| R2 | 0.0175 | 9.25% |
| R1 | 0.0165 | 3.13% |
| Price | 0.0160 | |
| S1 | 0.0150 | -6.25% |
| S2 | 0.0140 | -12.50% |
| S3 | 0.0128 | -20.00% |
FAQ
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