Smartmetric Inc Stock Forecast
High volatility in Smartmetric Inc stock price on Thursday which ended trading at $0.0003
(Updated on Apr 25, 2024)
The Smartmetric Inc stock price gained 50.00% on the last trading day (Thursday, 25th Apr 2024), rising from $0.0002 to $0.0003. During the last trading day the stock fluctuated 50.00% from a day low at $0.0002 to a day high of $0.0003. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately $805.49 . 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 -24.83% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0004 at the end of this 3-month period.
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SMME Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 50.00%. 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. The Smartmetric Inc 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 $0.0003 and $0.0004. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Smartmetric Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 50.00%. For the last week the stock has had daily average volatility of 48.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMME) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Smartmetric Inc to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.0001 (+/-36.53%) up or down from last closing price. If Smartmetric Inc takes out the full calculated possible swing range there will be an estimated 73.06% move between the lowest and the highest trading price during the day.
Is Smartmetric Inc stock A Buy?
Smartmetric Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.602 Sell Candidate Upgraded
Predicted Opening Price for Smartmetric Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0003 ( 11.11%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMME
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 22.22 % | |
| R2 | 0.0003 | 9.49 % | ||
| R1 | 0.0003 | 1.62 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0002 | -23.84 % | |
| S2 | 0.0002 | -31.71 % | ||
| S3 | 0.0002 | -44.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0003 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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