Supply@me Capital Plc Stock Forecast

Big movements in Supply@me Capital Plc stock price on Wednesday moving 26.09% between high and low
(Updated on May 01, 2024)

SYME.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.00%. 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. The Supply@me Capital Plc 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 £0.0265 and £0.0312. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Supply@me Capital Plc stock

Supply@me Capital Plc finds support from accumulated volume at £0.0250 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 £0.0060 between high and low, or 26.09%. For the last week, the stock has had daily average volatility of 37.14%.

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

Trading Expectations (SYME.L) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Supply@me Capital Plc to open at £0.0258, and during the day (based on 14 day Average True Range), to move between £0.0179 and £0.0331, which gives a possible trading interval of +/-£0.0076 (+/-29.71%) up or down from last closing price. If Supply@me Capital Plc takes out the full calculated possible swing range there will be an estimated 59.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.0250 (1.96%) than the resistance at £0.0284 (11.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Supply@me Capital Plc stock A Buy?

Supply@me Capital Plc 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.

Current score: -5.853 Strong Sell Candidate Unchanged

Predicted Opening Price for Supply@me Capital Plc of Thursday, May 2, 2024

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