Srivaru Holding Limited Warrant Stock Forecast
Volatile ride for Srivaru Holding Limited Warrant stock price on Friday moving between $0.0103 and $0.0120
(Updated on Jun 28, 2024)
The Srivaru Holding Limited Warrant stock price fell by -26.43% on the last day (Friday, 28th Jun 2024) from $0.0140 to $0.0103. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 16.50% from a day low at $0.0103 to a day high of $0.0120. The price has fallen in 6 of the last 10 days but is still up by 83.93% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 3 thousand shares were bought and sold for approximately $29.10 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.57% during the next 3 months and, with a 90% probability hold a price between $0.0039 and $0.0150 at the end of this 3-month period.
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SVMHW 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 Srivaru Holding Limited Warrant 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 $0.0144 and $0.0143. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -44.32%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, May 20, 2024 and based on theory for this formation the price should fall by -13.01% to $0.0090 within 5 trading days since signal was issued (Tuesday, May 28, 2024).
Support, Risk & Stop-loss for Srivaru Holding Limited Warrant stock
Srivaru Holding Limited Warrant finds support from accumulated volume at $0.0100 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0017 between high and low, or 16.50%. For the last week the stock has had daily average volatility of 48.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SVMHW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Srivaru Holding Limited Warrant to open at $0.0109, and during the day (based on 14 day Average True Range), to move between $0.0048 and $0.0158, which gives a possible trading interval of +/-$0.0055 (+/-52.93%) up or down from last closing price. If Srivaru Holding Limited Warrant takes out the full calculated possible swing range there will be an estimated 105.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0105 (1.94%) than the support at $0.0100 (2.91%), 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 Srivaru Holding Limited Warrant stock A Buy?
Srivaru Holding Limited Warrant holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.639 Strong Sell Candidate Downgraded
Predicted Opening Price for Srivaru Holding Limited Warrant of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0109 ( 5.50%) | $0.0103 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVMHW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0126 | 22.01% |
| R2 | 0.0119 | 15.70% |
| R1 | 0.0115 | 11.81% |
| Price | 0.0103 | |
| S1 | 0.0102 | -0.80% |
| S2 | 0.0098 | -4.70% |
| S3 | 0.0092 | -11.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0120 | 16.50% |
| R2 | 0.0117 | 13.59% |
| R1 | 0.0105 | 1.94% |
| Price | 0.0103 | |
| S1 | 0.0100 | -2.91% |
| S2 | 0.0090 | -12.62% |
| S3 | 0.0085 | -17.48% |
FAQ
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