Spring Valley Acquisition Corp. Ii Stock Forecast
Green day on Tuesday for Spring Valley Acquisition Corp. Ii stock after gaining 0.0899%
(Updated on Jun 25, 2024)
The Spring Valley Acquisition Corp. Ii stock price gained 0.0899% on the last trading day (Tuesday, 25th Jun 2024), rising from $11.12 to $11.13. During the last trading day the stock fluctuated 0% from a day low at $11.13 to a day high of $11.13. The price has been going up and down for this period, and there has been a 0.15% gain for the last 2 weeks. Volume fell on the last day by -55 thousand shares and in total, 5 thousand shares were bought and sold for approximately $51.82 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Spring Valley Acquisition Corp. Ii stock with a 90% probability to be traded between $11.27 and $11.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SVII Signals & Forecast
The Spring Valley Acquisition Corp. Ii 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 $11.12 and $11.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Spring Valley Acquisition Corp. Ii stock
Spring Valley Acquisition Corp. Ii finds support from accumulated volume at $11.12 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $10.46 (-6.03%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (SVII) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Spring Valley Acquisition Corp. Ii to open at $11.13, and during the day (based on 14 day Average True Range), to move between $11.12 and $11.14, which gives a possible trading interval of +/-$0.0098 (+/-0.09%) up or down from last closing price. If Spring Valley Acquisition Corp. Ii takes out the full calculated possible swing range there will be an estimated 0.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.12, some $0.0100 (0.09%) from the current price of $11.13, our system finds the risk reward attractive.
Is Spring Valley Acquisition Corp. Ii stock A Buy?
Spring Valley Acquisition Corp. Ii 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 Spring Valley Acquisition Corp. Ii of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $11.13 ( 0%) | $11.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVII
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.13 | - |
| R2 | 11.13 | - |
| R1 | 11.13 | - |
| Price | 11.13 | |
| S1 | 11.13 | - |
| S2 | 11.13 | - |
| S3 | 11.13 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 11.13 | |
| S1 | 11.12 | -0.0898% |
| S2 | 11.11 | -0.180% |
| S3 | 11.03 | -0.90% |
FAQ
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