Volatile ride for Crown ElectroKinetics Corp. stock price on Tuesday moving between $0.115 and $0.185

StockInvest.us, 1 month ago

Crown ElectroKinetics Corp.

The Crown ElectroKinetics Corp. stock price fell by -36.83% on the last day (Tuesday, 21st May 2024) from $0.199 to $0.126. During the last trading day the stock fluctuated 60.78% from a day low at $0.115 to a day high of $0.185. The price has been going up and down for this period, and there has been a 168.59% 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 -413 million shares and in total, 305 million shares were bought and sold for approximately $38.32 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 $0.0414 and $0.235 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 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 $0.125 and $0.0650. 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 -47.63%. 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.

On the downside, the stock finds support just below today's level from accumulated volume at $0.102 and $0.100.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Crown ElectroKinetics Corp. finds support just below today's level at $0.102. If this is broken, then the next support from accumulated volume will be at $0.100 and $0.0989.

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 $0.0699 between high and low, or 60.78%. For the last week, the stock has had daily average volatility of 243.50%.

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.