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Volatile ride for Crown ElectroKinetics Corp. stock price on Thursday moving between $0.0650 and $0.530

StockInvest.us, 1 month ago

Crown ElectroKinetics Corp.

The Crown ElectroKinetics Corp. stock price gained 419.48% on the last trading day (Thursday, 16th May 2024), rising from $0.0462 to $0.240. During the last trading day the stock fluctuated 714.92% from a day low at $0.0650 to a day high of $0.530. The price has risen in 6 of the last 10 days and is up by 410.64% 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, 2 billion more shares were traded than the day before. In total, 3 billion shares were bought and sold for approximately $687.68 million.

Given the current short-term trend, the stock is expected to fall -13.94% during the next 3 months and, with a 90% probability hold a price between $0.0335 and $0.207 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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 $0.0732 and $0.0556. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 460.75%. Further rise is indicated until a new top pivot has been found. 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.

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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.465 between high and low, or 714.92%. For the last week, the stock has had daily average volatility of 182.01%.

The Crown ElectroKinetics Corp. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Check full Crown ElectroKinetics Corp. forecast and analysis here.