China Recycling Energy Corporation Stock Forecast

Volatile ride for China Recycling Energy Corporation stock price on Friday moving between $1.14 and $1.42
(Updated on Apr 19, 2024)

CREG Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.71%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Recycling Energy Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.23 and $1.31. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). China Recycling Energy Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for China Recycling Energy Corporation stock

China Recycling Energy Corporation finds support from accumulated volume at $1.15 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.280 between high and low, or 24.56%. For the last week, the stock has had daily average volatility of 11.59%.

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

Trading Expectations (CREG) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect China Recycling Energy Corporation to open at $1.25, and during the day (based on 14 day Average True Range), to move between $1.04 and $1.34, which gives a possible trading interval of +/-$0.147 (+/-12.38%) up or down from last closing price. If China Recycling Energy Corporation takes out the full calculated possible swing range there will be an estimated 24.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.15 (3.36%) than the resistance at $1.24 (4.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Recycling Energy Corporation stock A Buy?

China Recycling Energy Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.229 Sell Candidate Unchanged

Predicted Opening Price for China Recycling Energy Corporation of Monday, April 22, 2024

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