22nd Century Group Stock Forecast

High volatility in 22nd Century Group stock price on Friday which ended trading at $1.39
(Updated on May 17, 2024)

XXII Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The 22nd Century Group 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 $1.53 and $1.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -60.96%. Further fall is indicated until a new bottom pivot has been found. 22nd Century Group 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".

Support, Risk & Stop-loss for 22nd Century Group stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.140 between high and low, or 10.08%. For the last week, the stock has had daily average volatility of 6.64%.

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

Trading Expectations (XXII) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect 22nd Century Group Inc to open at $1.44, and during the day (based on 14 day Average True Range), to move between $1.22 and $1.56, which gives a possible trading interval of +/-$0.167 (+/-12.03%) 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 24.06% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $1.65, some $0.260 (18.71%) from the current price of $1.39, our system finds the risk reward not very attractive.

Is 22nd Century Group Inc stock A Buy?

The 22nd Century Group stock holds several negative signals and despite the positive trend, we believe 22nd Century Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.189 Sell Candidate Unchanged

Predicted Opening Price for 22nd Century Group Inc of Monday, May 20, 2024

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