Big movements in Crown ElectroKinetics Corp. stock price on Wednesday moving 85.31% between high and low

StockInvest.us, 1 month ago

Crown ElectroKinetics Corp.

The Crown ElectroKinetics Corp. stock price gained 3.10% on the last trading day (Wednesday, 22nd May 2024), rising from $0.126 to $0.130. During the last trading day the stock fluctuated 85.31% from a day low at $0.0980 to a day high of $0.182. The price has risen in 6 of the last 10 days and is up by 202.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 205 million more shares were traded than the day before. In total, 510 million shares were bought and sold for approximately $66.12 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Crown ElectroKinetics Corp. stock with a 90% probability to be traded between $0.0442 and $0.244 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Crown ElectroKinetics Corp.

The Crown ElectroKinetics Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.137. On a fall, the stock will find some support from the long-term average at approximately $0.0673. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, May 16, 2024, and so far it has fallen -46.00%. Further fall is indicated until a new bottom pivot has been found.

Crown ElectroKinetics Corp. finds support from accumulated volume at $0.126 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 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 $0.0836 between high and low, or 85.31%. For the last week, the stock has had daily average volatility of 254.25%.

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Crown ElectroKinetics Corp. stock to perform well in the short-term period.

Check full Crown ElectroKinetics Corp. forecast and analysis here.