CloudBuy PLC Stock Forecast

Big movements in CloudBuy PLC stock price on Thursday moving 87.50% between high and low
(Updated on Feb 06, 2020)

CBUY.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, February 05, 2020, and so far it has risen 50.00%. Further rise is indicated until a new top pivot has been found. CloudBuy PLC has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CloudBuy PLC 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 £0.0016 and £0.0139. 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).

Support, Risk & Stop-loss for CloudBuy PLC stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0013. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.0007 between high and low, or 87.50%. For the last week, the stock has had daily average volatility of 53.56%.

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

Trading Expectations (CBUY.L) For The Upcoming Trading Day Of Friday 7th

For the upcoming trading day on Friday, 7th we expect CloudBuy PLC to open at £0.0013, and during the day (based on 14 day Average True Range), to move between -£0.0001 and £0.0031, which gives a possible trading interval of +/-£0.0016 (+/-109.93%) up or down from last closing price. If CloudBuy PLC takes out the full calculated possible swing range there will be an estimated 219.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.0013 (13.33%) than the resistance at £0.0018 (20.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CloudBuy PLC stock A Buy?

CloudBuy PLC 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: -5.082 Strong Sell Candidate Unchanged

Predicted Opening Price for CloudBuy PLC of Friday, February 7, 2020

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