22nd Century Group Stock Forecast

High volatility in 22nd Century Group stock price on Thursday which ended trading at $1.83
(Updated on Apr 25, 2024)

XXII Signals & Forecast

The 22nd Century Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.71 and $1.00. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -48.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 22nd Century Group stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.68 and $1.67. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 22nd Century Group finds support just below today's level at $1.68. If this is broken, then the next support from accumulated volume will be at $1.67 and $1.65.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.190 between high and low, or 11.30%. For the last week the stock has had daily average volatility of 11.37%.

22nd Century Group is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $1.71 (-6.68%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 16 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

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

For the upcoming trading day on Friday, 26th we expect 22nd Century Group Inc to open at $1.79, and during the day (based on 14 day Average True Range), to move between $1.55 and $2.11, which gives a possible trading interval of +/-$0.285 (+/-15.57%) up or down from last closing price. If 22nd Century Group Inc takes out the full calculated possible swing range there will be an estimated 31.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.84 (0.55%) than the support at $1.68 (8.20%), 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 22nd Century Group Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 22nd Century Group stock to perform well in the short-term.

Current score: 1.968 Buy Candidate Unchanged

Predicted Opening Price for 22nd Century Group Inc of Friday, April 26, 2024

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