Co2 Gro Inc. Stock Forecast
Co2 Gro Inc. stock price down 0% on Monday
(Updated on Jun 17, 2024)
No changes to the price of Co2 Gro Inc. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0450 to a day high of $0.0450. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0500 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.93% during the next 3 months and, with a 90% probability hold a price between $0.0121 and $0.0539 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BLONF Signals & Forecast
The Co2 Gro Inc. 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 $0.0450 and $0.0292. 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 Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 with a target of $0.0180. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Co2 Gro Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0409 and $0.0380. 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, Co2 Gro Inc. finds support just below today's level at $0.0409. If this is broken, then the next support from accumulated volume will be at $0.0380 and $0.0359.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
The Co2 Gro Inc. 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.
Our recommended stop-loss: $0.0435 (-3.30%) (This stock has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BLONF) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Co2 Gro Inc. to open at $0.0450, and during the day (based on 14 day Average True Range), to move between $0.0420 and $0.0480, which gives a possible trading interval of +/-$0.0030 (+/-6.74%) up or down from last closing price. If Co2 Gro Inc. takes out the full calculated possible swing range there will be an estimated 13.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0459 (2.00%) than the support at $0.0409 (9.11%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Co2 Gro Inc. stock A Buy?
Co2 Gro Inc. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Co2 Gro Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0450 ( 0.00000000%) | $0.0450 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLONF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0450 | 0.00000000% |
| R2 | 0.0450 | 0.00000000% |
| R1 | 0.0450 | 0.00000000% |
| Price | 0.0450 | |
| S1 | 0.0450 | 0.00000000% |
| S2 | 0.0450 | 0.00000000% |
| S3 | 0.0450 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0468 | 3.89% |
| R2 | 0.0461 | 2.40% |
| R1 | 0.0459 | 2.00% |
| Price | 0.0450 | |
| S1 | 0.0409 | -9.11% |
| S2 | 0.0380 | -15.56% |
| S3 | 0.0359 | -20.22% |
FAQ
Click here for our free guide on how to buy Co2 Gro Inc. Stock.
