High volatility in Crown ElectroKinetics Corp. stock price on Monday which ended trading at $0.199

The Crown ElectroKinetics Corp. stock price gained 16.37% on the last trading day (Monday, 20th May 2024), rising from $0.171 to $0.199. During the last trading day the stock fluctuated 85.43% from a day low at $0.151 to a day high of $0.280. The price has risen in 6 of the last 10 days and is up by 346.19% over the past 2 weeks. Volume fell on the last day by -944 million shares and in total, 718 million shares were bought and sold for approximately $142.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -5.00% during the next 3 months and, with a 90% probability hold a price between $0.0391 and $0.228 at the end of this 3-month period.

The Crown ElectroKinetics Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.113 and $0.0628. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 -17.08%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $0.171.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 $0.129 between high and low, or 85.43%. For the last week, the stock has had daily average volatility of 258.64%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.