Sundance Strategies Inc. Stock Forecast
Sundance Strategies Inc. stock price took a fall of -19.00% on Friday
(Updated on Jun 28, 2024)
The Sundance Strategies Inc. stock price fell by -19.00% on the last day (Friday, 28th Jun 2024) from $1.00 to $0.81. During the last trading day the stock fluctuated 0% from a day low at $0.81 to a day high of $0.81. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $1.06 thousand.
The stock lies in the middle of a very wide and weak 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 8.40% during the next 3 months and, with a 90% probability hold a price between $0.671 and $1.09 at the end of this 3-month period.
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SUND Signals & Forecast
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. The Sundance Strategies Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.97 and $0.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -19.00%. Further fall is indicated until a new bottom pivot has been found. Sundance Strategies Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sundance Strategies Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $0.767 (-5.26%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SUND) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sundance Strategies Inc. to open at $0.81, and during the day (based on 14 day Average True Range), to move between $0.753 and $0.87, which gives a possible trading interval of +/-$0.0573 (+/-7.07%) up or down from last closing price. If Sundance Strategies Inc. takes out the full calculated possible swing range there will be an estimated 14.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.90, some $0.0900 (11.11%) from the current price of $0.81, our system finds the risk reward not very attractive.
Is Sundance Strategies Inc. stock A Buy?
Sundance Strategies Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Sundance Strategies Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.81 ( 0%) | $0.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUND
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.81 | - |
| R2 | 0.81 | - |
| R1 | 0.81 | - |
| Price | 0.81 | |
| S1 | 0.81 | - |
| S2 | 0.81 | - |
| S3 | 0.81 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 23.46% |
| R2 | 0.95 | 17.28% |
| R1 | 0.90 | 11.11% |
| Price | 0.81 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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