Valens Semiconductor Ltd. Wt Stock Forecast
Red day on Tuesday for Valens Semiconductor Ltd. Wt stock after losing 0.225%
(Updated on Jun 25, 2024)
The Valens Semiconductor Ltd. Wt stock price fell by -0.225% on the last day (Tuesday, 25th Jun 2024) from $0.0400 to $0.0399. During the last trading day the stock fluctuated 0.254% from a day low at $0.0398 to a day high of $0.0399. The price has fallen in 5 of the last 10 days and is down by -11.73% for this period. 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 -9 thousand shares and in total, 430 shares were bought and sold for approximately $17.16 .
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 -8.80% during the next 3 months and, with a 90% probability hold a price between $0.0268 and $0.0449 at the end of this 3-month period.
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VLN-WT Signals & Forecast
There are mixed signals in the stock today. The Valens Semiconductor Ltd. Wt stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0413. On a fall, the stock will find some support from the short-term average at $0.0387. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.225%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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, June 11, 2024 and based on theory for this formation the price should go up by 23.89% to $0.0494 within 3 trading days since signal was issued (Friday, June 14, 2024).
Support, Risk & Stop-loss for Valens Semiconductor Ltd. Wt stock
Valens Semiconductor Ltd. Wt finds support from accumulated volume at $0.0390 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0001 between high and low, or 0.254%. For the last week the stock has had daily average volatility of 43.76%
Our recommended stop-loss: $0.0382 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (VLN-WT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Valens Semiconductor Ltd. Wt to open at $0.0399, and during the day (based on 14 day Average True Range), to move between $0.0285 and $0.0513, which gives a possible trading interval of +/-$0.0114 (+/-28.46%) up or down from last closing price. If Valens Semiconductor Ltd. Wt takes out the full calculated possible swing range there will be an estimated 56.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0390 (2.26%) than the resistance at $0.0445 (11.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Valens Semiconductor Ltd. Wt stock A Buy?
Valens Semiconductor Ltd. Wt 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: 0.000 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 Opening Price for Valens Semiconductor Ltd. Wt of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0399 ( 0.0844%) | $0.0399 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLN-WT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0400 | 0.169% |
| R2 | 0.0399 | 0.0721% |
| R1 | 0.0399 | 0.0123% |
| Price | 0.0399 | |
| S1 | 0.0398 | -0.181% |
| S2 | 0.0398 | -0.241% |
| S3 | 0.0398 | -0.338% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0493 | 23.56% |
| R2 | 0.0451 | 13.03% |
| R1 | 0.0445 | 11.53% |
| Price | 0.0399 | |
| S1 | 0.0390 | -2.26% |
| S2 | 0.0325 | -18.55% |
| S3 | 0.0320 | -19.80% |
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