Silvaco Group, Inc. Common Stock Stock Forecast
Green day on Thursday for Silvaco Group, Inc. Common Stock stock after gaining 2.76%
(Updated on Jun 27, 2024)
The Silvaco Group, Inc. Common Stock stock price gained 2.76% on the last trading day (Thursday, 27th Jun 2024), rising from $17.77 to $18.26. During the last trading day the stock fluctuated 5.26% from a day low at $17.68 to a day high of $18.61. The price has fallen in 7 of the last 10 days and is down by -0.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 164 thousand shares were bought and sold for approximately $2.99 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $17.72, a level that may pose a second chance to hit a runner. According to fan-theory $19.99 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SVCO Signals & Forecast
The Silvaco Group, Inc. Common Stock stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $17.78 and $18.21. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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, June 12, 2024, and so far it has fallen -0.273%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Silvaco Group, Inc. Common Stock stock
Silvaco Group, Inc. Common Stock finds support from accumulated volume at $18.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.93 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SVCO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Silvaco Group, Inc. Common Stock to open at $18.18, and during the day (based on 14 day Average True Range), to move between $17.22 and $19.30, which gives a possible trading interval of +/-$1.04 (+/-5.67%) up or down from last closing price. If Silvaco Group, Inc. Common Stock takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.31 (0.27%) than the support at $18.15 (0.60%), 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 Silvaco Group, Inc. Common Stock stock A Buy?
Silvaco Group, Inc. Common Stock 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: -2.625 Sell Candidate Unchanged
Predicted Opening Price for Silvaco Group, Inc. Common Stock of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $18.18 ( 0.420%) | $18.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVCO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.11 | 4.67% |
| R2 | 18.76 | 2.73% |
| R1 | 18.54 | 1.53% |
| Price | 18.26 | |
| S1 | 17.83 | -2.37% |
| S2 | 17.61 | -3.57% |
| S3 | 17.25 | -5.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.80 | 8.43% |
| R2 | 18.91 | 3.56% |
| R1 | 18.31 | 0.274% |
| Price | 18.26 | |
| S1 | 18.15 | -0.602% |
| S2 | 17.51 | -4.11% |
| S3 | 17.29 | -5.31% |
FAQ
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