Meanwhile, Ascendiant Capital Markets initiated its Society Pass Inc [SOPA] rating to a Buy in a research note published on July 11, 2023; the price target was $3.50.
Price Performance Review of SOPA
On Friday, Society Pass Inc [NASDAQ:SOPA] saw its stock jump 54.47% to $1.52. Over the last five days, the stock has gained 27.73%. Society Pass Inc shares have risen nearly 69.26% since the year began. Nevertheless, the stocks have fallen -44.44% over the past one year. While a 52-week high of $3.56 was reached on 01/31/25, a 52-week low of $0.73 was recorded on 01/17/25. SMA at 50 days reached $0.9539, while 200 days put it at $1.2302.
Levels Of Support And Resistance For SOPA Stock
The 24-hour chart illustrates a support level at 1.1853, which if violated will result in even more drops to 0.8505. On the upside, there is a resistance level at 1.7574. A further resistance level may holdings at 1.9947. The Relative Strength Index (RSI) on the 14-day chart is 71.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1037, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.50%. Stochastics %K at 39.78% indicates the stock is a holding.
How much short interest is there in Society Pass Inc?
A steep rise in short interest was recorded in Society Pass Inc stocks on 2024-10-31, dropping by 28684.0 shares to a total of 9105.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 37789.0 shares. There was a decline of -315.04%, which implies that there is a negative sentiment for the stock.
