Spring Valley Acquisition Corp. Ii Stock Forecast

A very red day for Spring Valley Acquisition Corp. Ii stock price after a -7.69% fall in the Tuesday trading session
(Updated on Jun 25, 2024)

SVIIR Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 4.25%. Further rise is indicated until a new top pivot has been found. 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 Spring Valley Acquisition Corp. Ii stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.127 and $0.134. A break-up above any of these levels will issue buy signals. Spring Valley Acquisition Corp. Ii 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 Spring Valley Acquisition Corp. Ii stock

Spring Valley Acquisition Corp. Ii finds support from accumulated volume at $0.120 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 $0.0104 between high and low, or 8.66%. For the last week, the stock has had daily average volatility of 7.04%.

Our recommended stop-loss: $0.115 (-4.01%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (SVIIR) 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 $0.124, and during the day (based on 14 day Average True Range), to move between $0.107 and $0.134, which gives a possible trading interval of +/-$0.0135 (+/-11.26%) 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 22.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.120 (0.08%) than the resistance at $0.126 (5.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Spring Valley Acquisition Corp. Ii stock A Buy?

Spring Valley Acquisition Corp. Ii 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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

The predicted opening price is based on yesterday's movements between high, low, and closing price.