Solidion Technology Inc. Stock Forecast

Solidion Technology Inc. stock price ended at $2.32 on Thursday, after losing 4.13%.
(Updated on May 09, 2024)

STI Signals & Forecast

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 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 $2.35 and $6.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -4.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Solidion Technology Inc. stock

Solidion Technology Inc. finds support from accumulated volume at $2.30 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 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 stock During the last day, the stock moved $0.165 between high and low, or 7.21%. For the last week the stock has had daily average volatility of 8.77%

Our recommended stop-loss: $2.20 (-5.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (STI) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Solidion Technology Inc. to open at $2.36, and during the day (based on 14 day Average True Range), to move between $1.90 and $2.74, which gives a possible trading interval of +/-$0.421 (+/-18.14%) up or down from last closing price. If Solidion Technology Inc. takes out the full calculated possible swing range there will be an estimated 36.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.30 (0.86%) than the resistance at $2.40 (3.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is 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 Friday, May 10, 2024

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