Skyline Medical Inc. Fund Forecast
Red day on Friday for Skyline Medical Inc.
(Updated on Feb 16, 2018)
No changes to the price of Skyline Medical Inc. fund on the last trading day (Friday, 16th Feb 2018). During the last trading day the fund fluctuated 0% from a day low at $1.21 to a day high of $1.21. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund 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 fund is expected to fall -14.45% during the next 3 months and, with a 90% probability hold a price between $0.675 and $1.13 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.
SKLN Signals & Forecast
The Skyline Medical Inc. fund 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 $1.21 and $1.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 01, 2018, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Skyline Medical Inc. fund
Skyline Medical Inc. finds support from accumulated volume at $1.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $1.14 (-5.44%) (This fund has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SKLN) For The Upcoming Trading Day Of Tuesday 20th
For the upcoming trading day on Tuesday, 20th we expect Skyline Medical Inc. to open at $1.21, and during the day (based on 14 day Average True Range), to move between $1.16 and $1.26, which gives a possible trading interval of +/-$0.0497 (+/-4.10%) up or down from last closing price. If Skyline Medical Inc. takes out the full calculated possible swing range there will be an estimated 8.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.15 (4.96%) than the resistance at $1.29 (6.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Skyline Medical Inc. fund A Buy?
Several short-term signals are positive, despite the fund being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for fund to perform well in the short-term.
Current score: 1.530 Buy Candidate Unchanged
Predicted Opening Price for Skyline Medical Inc. of Tuesday, February 20, 2018
| Fair opening price February 20, 2018 | Current price |
|---|---|
| $1.21 ( 0%) | $1.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKLN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.21 | . | |
| R2 | 1.21 | . | ||
| R1 | 1.21 | . | ||
| Current price: | 1.21 | |||
| Support | S1 | 1.21 | . | |
| S2 | 1.21 | . | ||
| S3 | 1.21 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.36 | 12.40 % | |
| R2 | 1.32 | 9.09 % | ||
| R1 | 1.29 | 6.61 % | ||
| Current price | 1.21 | |||
| Support | S1 | 1.15 | -4.96% | |
| S2 | 0.99 | -18.18% | ||
| S3 | 0.94 | -22.69% |
FAQ
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