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AI Analysis of SIPC
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High volatility in Sipp Industries Inc stock price on Thursday which ended trading at $0.0015
(Updated on Apr 18, 2024)

Buy or Hold candidate since Apr 05, 2024 Loss -16.67% PDF

The Sipp Industries Inc stock price fell by -6.25% on the last day (Thursday, 18th Apr 2024) from $0.0016 to $0.0015. During the last trading day the stock fluctuated 68.42% from a day low at $0.0010 to a day high of $0.0016. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $1.61 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.83% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0020 at the end of this 3-month period.

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SIPC Signals & Forecast

The Sipp Industries 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 $0.0014 and $0.0012. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -16.67%. Further fall is indicated until a new bottom pivot has been found. Sipp Industries Inc 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sipp Industries Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0014 and $0.0014. 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, Sipp Industries Inc finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0014 and $0.0012.

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 $0.0007 between high and low, or 68.42%. For the last week, the stock has had daily average volatility of 26.29%.

Our recommended stop-loss: $0.0014 (-4.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)

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

For the upcoming trading day on Friday, 19th we expect Sipp Industries Inc to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0018, which gives a possible trading interval of +/-$0.0003 (+/-16.81%) up or down from last closing price. If Sipp Industries Inc takes out the full calculated possible swing range there will be an estimated 33.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0016 (6.67%) than the support at $0.0014 (6.67%), 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 Sipp Industries Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sipp Industries Inc stock to perform well in the short-term.

Current score: 1.021 Buy Candidate Unchanged

Predicted Opening Price for Sipp Industries Inc of Friday, April 19, 2024

Fair opening price April 19, 2024 Current price
$0.0014 ( 10.00%) $0.0015

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

Trading levels for SIPC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0020 33.33 %
R2 0.0018 16.78 %
R1 0.0016 6.55 %
Current price: 0.0015
Support S1 0.0011 -26.55 %
S2 0.0009 -36.78 %
S3 0.0007 -53.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.0018 20.00 %
R2 0.0017 13.33 %
R1 0.0016 6.67 %
Current price 0.0015
Support S1 0.0014 -6.67%
S2 0.0014 -10.00%
S3 0.0012 -20.00%

FAQ

What is the symbol for Sipp Industries Inc Stock and on which exchange is it traded?
The symbol for Sipp Industries Inc is SIPC and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell Sipp Industries Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sipp Industries Inc stock to perform well in the short-term.

How to buy Sipp Industries Inc Stock?
Sipp Industries Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sipp Industries Inc Stock.

What's the current price of Sipp Industries Inc Stock?
As of the end of day on the 2024-04-18, the price of an Sipp Industries Inc (SIPC) share was $0.0015.

What is the 52-week high and low for Sipp Industries Inc Stock?
The 52-week high for Sipp Industries Inc Stock is $0.0024 and the 52-week low is $0.0003.

What is the market capitalization of Sipp Industries Inc Stock?
As of the 2024-04-18, the market capitalization of Sipp Industries Inc is 550.918K.
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About Sipp Industries Inc

Sipp Industries Sipp Industries, Inc. (OTCPK:SIPC), a conglomerate company, engages in technology, import and export, and distribution of commercial and consumer products. It primarily offers a line of advanced plasma lighting solutions for indoor horticulture applications. Sipp Industries, Inc. was formerly known as Promax Communication, Inc. and changed its name to Sipp Industries, Inc. in April 2007. The company was founded in 1993 and is based in Costa Mesa,... SIPC Profile

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