Streamline Health Solutions Stock Forecast

Volatile ride for Streamline Health Solutions stock price on Thursday moving between $0.318 and $0.440
(Updated on Apr 25, 2024)

STRM Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 3.03%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Streamline Health Solutions stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.449. On a fall, the stock will find some support from the short-term average at $0.339. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Streamline Health Solutions stock

Streamline Health Solutions finds support from accumulated volume at $0.332 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 $0.123 between high and low, or 38.68%. For the last week, the stock has had daily average volatility of 12.72%.

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

Trading Expectations (STRM) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Streamline Health Solutions to open at $0.366, and during the day (based on 14 day Average True Range), to move between $0.291 and $0.389, which gives a possible trading interval of +/-$0.0488 (+/-14.36%) up or down from last closing price. If Streamline Health Solutions takes out the full calculated possible swing range there will be an estimated 28.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.345 (1.47%) than the support at $0.332 (2.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Streamline Health Solutions stock A Buy?

Streamline Health Solutions 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: -3.707 Sell Candidate Unchanged

Predicted Opening Price for Streamline Health Solutions of Friday, April 26, 2024

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