Clean Diesel Technologies Stock Forecast

Red day on Tuesday for Clean Diesel Technologies stock after losing 0%
(Updated on Apr 23, 2024)

CDTI Signals & Forecast

The Clean Diesel Technologies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.611 and $0.638. 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 Monday, April 22, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, March 14, 2024 and based on theory for this formation the price should fall by -1.37% to $0.646 within 5 trading days since signal was issued (Wednesday, April 24, 2024).

Support, Risk & Stop-loss for Clean Diesel Technologies stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.620 and $0.600. 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, Clean Diesel Technologies finds support just below today's level at $0.620. If this is broken, then the next support from accumulated volume will be at $0.600 and $0.595.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.34%

Our recommended stop-loss: $0.630 (-3.88%) (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 (CDTI) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Clean Diesel Technologies to open at $0.655, and during the day (based on 14 day Average True Range), to move between $0.622 and $0.688, which gives a possible trading interval of +/-$0.0330 (+/-5.04%) up or down from last closing price. If Clean Diesel Technologies takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.620 (5.34%) than the resistance at $0.700 (6.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Clean Diesel Technologies stock A Buy?

Clean Diesel Technologies holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.662 Hold/Accumulate Unchanged

Predicted Opening Price for Clean Diesel Technologies of Wednesday, April 24, 2024

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