Solidion Technology Inc. Stock Forecast
High volatility in Solidion Technology Inc. stock price on Tuesday which ended trading at $1.52
(Updated on Apr 23, 2024)
The Solidion Technology Inc. stock price gained 10.95% on the last trading day (Tuesday, 23rd Apr 2024), rising from $1.37 to $1.52. During the last trading day the stock fluctuated 21.96% from a day low at $1.32 to a day high of $1.61. The price has fallen in 5 of the last 10 days and is down by -84.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 105 thousand more shares were traded than the day before. In total, 344 thousand shares were bought and sold for approximately $522.68 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.56 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.21% during the next 3 months and, with a 90% probability hold a price between $1.00 and $1.23 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.
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STI Signals & Forecast
Solidion Technology Inc. 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Solidion Technology 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 $3.97 and $8.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Solidion Technology Inc. stock
Solidion Technology Inc. finds support from accumulated volume at $1.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.290 between high and low, or 21.96%. For the last week the stock has had daily average volatility of 21.68%.
Our recommended stop-loss: $0.0800 (-5.00%) (Unable to calculate.)
Trading Expectations (STI) For The Upcoming Trading Day Of Wednesday 24th
With no resistance above and support from accumulated volume @ $1.50, some $0.0200 (1.32%) from the current price of $1.52, our system finds the risk reward attractive.
Is Solidion Technology Inc. stock A Buy?
Solidion Technology Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Solidion Technology Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $1.48 ( 2.41%) | $1.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.77 | 16.66 % | |
| R2 | 1.66 | 9.38 % | ||
| R1 | 1.59 | 4.88 % | ||
| Current price: | 1.52 | |||
| Support | S1 | 1.37 | -9.70 % | |
| S2 | 1.30 | -14.20 % | ||
| S3 | 1.19 | -21.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.52 | |||
| Support | S1 | 1.50 | -1.32% | |
| S2 | 1.40 | -7.89% | ||
| S3 | 1.37 | -9.87% |
STI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 28, 2019 | Nov 07, 2019 | Nov 18, 2019 | $0.560 | 0.788% |
| 2 | Aug 13, 2019 | Aug 29, 2019 | Sep 16, 2019 | $0.560 | 0.82% |
| 3 | Apr 23, 2019 | May 30, 2019 | Jun 17, 2019 | $0.500 | 0.792% |
| 4 | Feb 15, 2019 | Feb 27, 2019 | Mar 15, 2019 | $0.500 | 0.784% |
| 5 | Nov 14, 2018 | Nov 29, 2018 | Dec 17, 2018 | $0.500 | 0.97% |
FAQ
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