- The STIX stock price is down 3.54% since the last trading session.
- The stocks show the dominance of the sellers in the current scenario.
Semantix Inc. (NASDAQ: STIX) is a software platform company focused on providing data-centric platforms. The company specializes in Big Data, Artificial Intelligence and Data Analysis.
Semantix Inc. Stock Price Analysis
STIX share price is currently trading at $1.91, where it has faced a decline of 3.54% since the last trading session. The company's market capitalization currently stands at $150.208 million, while it is trading with a 10-day average volume of $47.48 thousand.
Are Sellers Dominating the 1-Day Chart of STIX Stock?
STIX stock has continued its downward trend after hitting its 2023 high. Around mid-August 2023, the price formed support at $0.9972 and started an uptrend. The price has risen 74.27% in the last 29 trading days after forming support at $0.9972. However, it seems that sellers are dominating the price as a lower high is forming in the current scenario.
Looking at the 1-day chart of STIX stock, it appears that the price is also facing trendline resistance.
Semantix price has faced rejection from the 100 EMA in the last two trading sessions. However, the price is trading above the 50 EMA which shows its indecisive nature in the current scenario.
The RSI, after trending up, has now started tilting down. The RSI is in bullish territory, but somehow the sellers are still influencing the price, causing the RSI to tilt downwards.
STIX price is currently facing trendline rejection, which has caused it to form a lower high of $2.14. It can also be seen that it is trading in a range of $2.14 to $0.9972. So now if the price falls below $0.9972 after falling, it faces trendline resistance. Therefore, it may fall to its next support at $0.5556 and will continue its decline in forming lower highs.
However, for the STIX market price To have a bullish sentiment, it must have closed above the $2.14 resistance. Which will put an end to the low formation of highs and the seller's control over the price. This is how it would reach its immediate resistance of $2.69.
Conclusion
STIX on a 1-day chart is bearish. The price has formed a support at $0.9972 and has started a bullish rally. However, the price faced rejection from the trend line and formed a lower high. If the price declines from here and breaks below the support at $0.9972, it may continue its decline in forming lower highs until its next support at $0.5556. However, for the price to have a bullish sentiment, it must close above the $2.14 resistance. Therefore, it may reach its next resistance at $2.69.
Technical levels
Resistance levels: $2.14 and $2.69.
Support Levels: $0.9972 and $0.5556.
Disclaimer
The views and opinions expressed by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment or other advice. Investing or trading carries a risk of financial loss.
