Sprint Stock Forecast

Hold candidate since May 27, 2020 Gain 355.45%

The Sprint Corporation stock price fell by -5.37% on the last day (Tuesday, 25th Jan 2022) from $41.49 to $39.26. During the last trading day the stock fluctuated 10.13% from a day low at $37.50 to a day high of $41.30. The price has been going up and down for this period, and there has been a -14.41% loss for the last 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 -2 million shares and in total, 4 million shares were bought and sold for approximately $149.72 million.

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 -38.60% during the next 3 months and, with a 90% probability hold a price between $16.85 and $31.30 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.

S_D Signals & Forecast

There are few to no technical positive signals at the moment. The Sprint Corporation 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 $41.14 and $46.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 11, 2022, and so far it has fallen -19.68%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Sprint Corporation 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.

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 $3.80 between high and low, or 10.13%. For the last week, the stock has had daily average volatility of 9.19%.

Our recommended stop-loss: $36.78 (-6.32%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (S_D) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Sprint Corporation to open at $39.35, and during the day (based on 14 day Average True Range), to move between $37.34 and $41.18, which gives a possible trading interval of +/-$3.84 (+/-10.28%) up or down from last closing price. If Sprint Corporation takes out the full calculated possible swing range there will be an estimated 10.28% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $47.16, some $7.90 (20.12%) from the current price of $39.26, our system finds the risk reward not very attractive.

Is Sprint Corporation stock A Buy?

Sprint Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Fair Opening Price

Predicted fair opening price on January 26, 2022 - $39.35 ( 0.238%).

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