Ses Ai Corporation Stock Forecast

High volatility in Ses Ai Corporation stock price on Thursday which ended trading at $1.34
(Updated on Apr 18, 2024)

SES Signals & Forecast

There are few to no technical positive signals at the moment. The Ses Ai 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 $1.49 and $1.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -22.09%. 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). Ses Ai Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Ses Ai Corporation stock

Ses Ai Corporation finds support from accumulated volume at $1.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 14.39%. For the last week, the stock has had daily average volatility of 11.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SES) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Ses Ai Corporation to open at $1.39, and during the day (based on 14 day Average True Range), to move between $1.20 and $1.48, which gives a possible trading interval of +/-$0.142 (+/-10.60%) up or down from last closing price. If Ses Ai Corporation takes out the full calculated possible swing range there will be an estimated 21.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.36 (1.49%) than the support at $1.32 (1.49%), 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 Ses Ai Corporation stock A Buy?

The Ses Ai Corporation stock holds several negative signals and despite the positive trend, we believe Ses Ai Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.392 Sell Candidate Unchanged

Predicted Opening Price for Ses Ai Corporation of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.