Social Life Network, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Social Life Network, Inc. stock price on Wednesday moving between $0.0005 and $0.0006
(Updated on Jun 12, 2024)
No changes to the price of Social Life Network, Inc. stock on the last trading day (Wednesday, 12th Jun 2024). During the last trading day the stock fluctuated 20.00% from a day low at $0.0005 to a day high of $0.0006. The price has been going up and down for this period, and there has been a 24.69% gain for the last 2 weeks.
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 -18.50% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0005 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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WDLF Signals & Forecast
The Social Life Network, Inc. stock 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 $0.0005 and $0.0005. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -9.09%. 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).
A buy signal from a double bottom formation was found on Tuesday, May 28, 2024 and based on theory for this formation the price should go up by 48.57% to $0.0007 within 7 trading days since signal was issued (Thursday, June 13, 2024).
Support, Risk & Stop-loss for Social Life Network, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0005 and $0.0004. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Social Life Network, Inc. finds support just below today's level at $0.0005. If this is broken, then the next support from accumulated volume will be at $0.0004 and $0.0004.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WDLF) For The Upcoming Trading Day Of Thursday 13th
For the upcoming trading day on Thursday, 13th we expect Social Life Network, Inc. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0006, which gives a possible trading interval of +/-$0.0001 (+/-21.24%) up or down from last closing price. If Social Life Network, Inc. takes out the full calculated possible swing range there will be an estimated 42.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0005 (0.20%) than the support at $0.0005 (10.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Social Life Network, Inc. stock A Buy?
Social Life Network, Inc. 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: -1.088 Sell Candidate Downgraded
Predicted Opening Price for Social Life Network, Inc. of Thursday, June 13, 2024
| Fair opening price June 13, 2024 | Current price |
|---|---|
| $0.0005 ( 6.67%) | $0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WDLF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 26.67% |
| R2 | 0.0006 | 19.03% |
| R1 | 0.0006 | 14.31% |
| Price | 0.0005 | |
| S1 | 0.0005 | -0.97% |
| S2 | 0.0005 | -5.69% |
| S3 | 0.0004 | -13.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 20.00% |
| R2 | 0.0006 | 10.00% |
| R1 | 0.0005 | 0.200% |
| Price | 0.0005 | |
| S1 | 0.0005 | -10.00% |
| S2 | 0.0004 | -19.80% |
| S3 | 0.0004 | -20.00% |
FAQ
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