Volatile ride for Crown ElectroKinetics Corp. stock price on Friday moving between $0.141 and $0.599

StockInvest.us, 2 months ago

Crown ElectroKinetics Corp.

The Crown ElectroKinetics Corp. stock price fell by -28.75% on the last day (Friday, 17th May 2024) from $0.240 to $0.171. During the last trading day the stock fluctuated 324.82% from a day low at $0.141 to a day high of $0.599. The price has been going up and down for this period, and there has been a 263.06% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 billion shares and in total, 2 billion shares were bought and sold for approximately $284.19 million.

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 -10.46% during the next 3 months and, with a 90% probability hold a price between $0.0305 and $0.214 at the end of this 3-month period.

Crown ElectroKinetics Corp.

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 $0.0915 and $0.0588. 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). 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 -28.75%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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 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 $0.458 between high and low, or 324.82%. For the last week, the stock has had daily average volatility of 244.56%.

Crown ElectroKinetics Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Check full Crown ElectroKinetics Corp. forecast and analysis here.