Stornoway Diamond Corp. Stock Forecast

Stornoway Diamond Corp. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)

SWYDF Signals & Forecast

There are mixed signals in the stock today. The Stornoway Diamond Corp. 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 $0.0001 and $0.0001. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has fallen 0%. 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).

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Stornoway Diamond Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SWYDF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Stornoway Diamond Corp. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00008497 and $0.0001, which gives a possible trading interval of +/-$0.00001503 (+/-15.03%) up or down from last closing price. If Stornoway Diamond Corp. takes out the full calculated possible swing range there will be an estimated 30.06% move between the lowest and the highest trading price during the day.

Is Stornoway Diamond Corp. stock A Buy?

Stornoway Diamond Corp. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.632 Sell Candidate Downgraded

Predicted Opening Price for Stornoway Diamond Corp. of Monday, July 1, 2024

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