Synthesis Energy Systems Fund Forecast
Synthesis Energy Systems fund price ended at $0.380 on Tuesday, after losing 0%.
(Updated on Jan 16, 2018)
No changes to the price of Synthesis Energy Systems fund on the last trading day (Tuesday, 16th Jan 2018). During the last trading day the fund fluctuated 0% from a day low at $0.380 to a day high of $0.380. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.393 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the fund is expected to fall -12.47% during the next 3 months and, with a 90% probability hold a price between $0.273 and $0.344 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SYMX Signals & Forecast
The Synthesis Energy Systems fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.380 and $0.380. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, December 01, 2017, and so far it has fallen 0%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Synthesis Energy Systems fund
Synthesis Energy Systems finds support from accumulated volume at $0.370 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $0.357 (-6.00%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (SYMX) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Synthesis Energy Systems to open at $0.380, and during the day (based on 14 day Average True Range), to move between $0.376 and $0.384, which gives a possible trading interval of +/-$0.0037 (+/-0.97%) up or down from last closing price. If Synthesis Energy Systems takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.370 (2.63%) than the resistance at $0.420 (10.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Synthesis Energy Systems fund A Buy?
Synthesis Energy Systems holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.291 Hold/Accumulate Unchanged
Predicted Opening Price for Synthesis Energy Systems of Wednesday, January 17, 2018
Fair opening price January 17, 2018 | Current price |
---|---|
$0.380 ( 0.00000000%) | $0.380 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SYMX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.380 | 0.00000000 % | |
R2 | 0.380 | 0.00000000 % | ||
R1 | 0.380 | 0.00000000 % | ||
Current price: | 0.380 | |||
Support | S1 | 0.380 | 0.00000000 % | |
S2 | 0.380 | 0.00000000 % | ||
S3 | 0.380 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.440 | 15.79 % | |
R2 | 0.431 | 13.29 % | ||
R1 | 0.420 | 10.53 % | ||
Current price | 0.380 | |||
Support | S1 | 0.370 | -2.63% | |
S2 | 0.360 | -5.37% | ||
S3 | 0.348 | -8.55% |
FAQ
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