SolarWindow Technologies, Inc. Stock Forecast
Big movements in SolarWindow Technologies, Inc. stock price on Friday moving 25.00% between high and low
(Updated on May 31, 2024)
The SolarWindow Technologies, Inc. stock price gained 13.33% on the last trading day (Friday, 31st May 2024), rising from $0.300 to $0.340. During the last trading day the stock fluctuated 25.00% from a day low at $0.280 to a day high of $0.350. The price has fallen in 4 of the last 10 days but is still up by 9.68% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 8 thousand shares were bought and sold for approximately $2.69 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -7.05% during the next 3 months and, with a 90% probability hold a price between $0.258 and $0.348 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WNDW Signals & Forecast
The SolarWindow Technologies, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.319 and $0.321. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 13.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 Wednesday, May 15, 2024 and based on theory for this formation the price should go up by 3.92% to $0.353 within 3 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for SolarWindow Technologies, Inc. stock
SolarWindow Technologies, Inc. finds support from accumulated volume at $0.330 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0700 between high and low, or 25.00%. For the last week the stock has had daily average volatility of 102.10%.
Our recommended stop-loss: $0.329 (-3.38%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (WNDW) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect SolarWindow Technologies, Inc. to open at $0.323, and during the day (based on 14 day Average True Range), to move between $0.239 and $0.441, which gives a possible trading interval of +/-$0.101 (+/-29.80%) up or down from last closing price. If SolarWindow Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 59.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.345 (1.47%) than the support at $0.330 (2.94%), 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 SolarWindow Technologies, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.176 Buy Candidate Upgraded
Predicted Opening Price for SolarWindow Technologies, Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.323 ( 4.90%) | $0.340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WNDW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.393 | 15.69 % | |
| R2 | 0.367 | 7.82 % | ||
| R1 | 0.350 | 2.96 % | ||
| Current price: | 0.340 | |||
| Support | S1 | 0.297 | -12.77 % | |
| S2 | 0.280 | -17.63 % | ||
| S3 | 0.253 | -25.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.389 | 14.41 % | |
| R2 | 0.350 | 2.94 % | ||
| R1 | 0.345 | 1.47 % | ||
| Current price | 0.340 | |||
| Support | S1 | 0.330 | -2.94% | |
| S2 | 0.310 | -8.82% | ||
| S3 | 0.300 | -11.76% |
FAQ
Click here for our free guide on how to buy SolarWindow Technologies, Inc. Stock.
