RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SOFO
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Strong day for Sonic Foundry stock price on Wednesday rising 18.65% to $0.0101
(Updated on Mar 27, 2024)

Sell candidate since Mar 19, 2024 Loss -49.75% PDF

The Sonic Foundry stock price gained 18.65% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.0085 to $0.0101. During the last trading day the stock fluctuated 0.500% from a day low at $0.0100 to a day high of $0.0101. The price has risen in 5 of the last 10 days but is still down by -43.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately $330.65 .

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0073, a level that may pose a second chance to hit a runner. According to fan-theory $0.0345 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.

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SOFO Signals & Forecast

There are mixed signals in the stock today. The Sonic Foundry 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 $0.0119 and $0.0878. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 18.65%. 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). Sonic Foundry has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sonic Foundry stock

Sonic Foundry finds support from accumulated volume at $0.0100 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 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 $0.00005 between high and low, or 0.500%. For the last week, the stock has had daily average volatility of 44.38%.

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

Trading Expectations (SOFO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Sonic Foundry to open at $0.0100, and during the day (based on 14 day Average True Range), to move between -$0.0015 and $0.0216, which gives a possible trading interval of +/-$0.0116 (+/-115.22%) up or down from last closing price. If Sonic Foundry takes out the full calculated possible swing range there will be an estimated 230.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0100 (0.50%) than the resistance at $0.0110 (9.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sonic Foundry stock A Buy?

Sonic Foundry holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -6.250 Strong Sell Candidate Unchanged

Predicted Opening Price for Sonic Foundry of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.0100 ( 0.166%) $0.0101

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

Trading levels for SOFO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0101 0.332 %
R2 0.0101 0.142 %
R1 0.0101 0.0242 %
Current price: 0.0101
Support S1 0.0100 -0.356 %
S2 0.0100 -0.473 %
S3 0.0100 -0.663 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0.0110 9.45 %
Current price 0.0101
Support S1 0.0100 -0.498%
S2 0.0085 -15.72%
S3 0 .

FAQ

What is the symbol for Sonic Foundry Stock and on which exchange is it traded?
The symbol for Sonic Foundry is SOFO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sonic Foundry Stock?
Sonic Foundry holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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

What's the current price of Sonic Foundry Stock?
As of the end of day on the 2024-03-27, the price of an Sonic Foundry (SOFO) share was $0.0101.

What is the 52-week high and low for Sonic Foundry Stock?
The 52-week high for Sonic Foundry Stock is $1.90 and the 52-week low is $0.0085.

What is the market capitalization of Sonic Foundry Stock?
As of the 2024-03-27, the market capitalization of Sonic Foundry is 102.821K.

When is the next earnings date for Sonic Foundry?
The upcoming earnings date for Sonic Foundry is May 09, 2024.
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About Sonic Foundry

Sonic Foundry Sonic Foundry, Inc. provides video enterprise solutions and services for the digital-first, distance learning, and corporate communication markets in the United States, Europe, the Middle East, Asia, and internationally. The company offers Mediasite Video platform that automates to capture, management, delivery, and search of live and on-demand streaming video; and Mediasite Cloud, a Software as a Service solution to host and manage customers' co... SOFO Profile

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