AppSwarm, Inc. Stock Forecast
Volatile ride for AppSwarm, Inc. stock price on Friday moving between $0.0005 and $0.0006
(Updated on Apr 26, 2024)
The AppSwarm, Inc. stock price gained 10.00% on the last trading day (Friday, 26th Apr 2024), rising from $0.0005 to $0.0006. During the last trading day the stock fluctuated 10.00% from a day low at $0.0005 to a day high of $0.0006. The price has been going up and down for this period, and there has been a -8.33% loss for the last 2 weeks. Volume fell on the last day by -551 thousand shares and in total, 5 thousand shares were bought and sold for approximately $2.92 . 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 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 -6.80% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0006 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SWRM Signals & Forecast
The AppSwarm, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0006. On a fall, the stock will find some support from the long-term average at approximately $0.0005. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -8.33%. Further fall is indicated until a new bottom pivot has been found. 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.
A buy signal from a double bottom formation was found on Tuesday, April 02, 2024 and based on theory for this formation the price should go up by 1.82% to $0.0006 within 5 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for AppSwarm, Inc. stock
AppSwarm, Inc. finds support from accumulated volume at $0.0005 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00005 between high and low, or 10.00%. For the last week the stock has had daily average volatility of 18.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWRM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AppSwarm, Inc. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0007, which gives a possible trading interval of +/-$0.0001 (+/-19.63%) up or down from last closing price. If AppSwarm, Inc. takes out the full calculated possible swing range there will be an estimated 39.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0005 (1.82%) than the resistance at $0.0006 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AppSwarm, Inc. stock A Buy?
AppSwarm, Inc. 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: -1.047 Sell Candidate Unchanged
Predicted Opening Price for AppSwarm, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0005 ( 3.03%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWRM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0006 | 6.06 % | |
| R2 | 0.0006 | 2.59 % | ||
| R1 | 0.0006 | 0.442 % | ||
| Current price: | 0.0006 | |||
| Support | S1 | 0.0005 | -6.50 % | |
| S2 | 0.0005 | -8.65 % | ||
| S3 | 0.0005 | -12.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0006 | 9.09 % | ||
| Current price | 0.0006 | |||
| Support | S1 | 0.0005 | -1.82% | |
| S2 | 0.0005 | -9.09% | ||
| S3 | 0.0004 | -20.00% |
FAQ
Click here for our free guide on how to buy AppSwarm, Inc. Stock.
