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China Advanced Construction Materials Stock Forecast NASDAQ:CADC

$0.54 (-1.63%)

Volume: 1M

Closed: Nov 26, 2021

Hollow Logo Score: -3.110

China Advanced Construction Materials Stock Forecast

$0.54 (-1.63%)

Volume: 1M

Closed: Nov 26, 2021

Score Hollow Logo -3.110
Which way will CADC go? Request

CADC Stock Risk

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0289 between high and low, or 5.49%. For the last week the stock has had a daily average volatility of 6.36%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The China Advanced Construction Materials stock currently holds an RSI14 at 18 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

China Advanced Construction Materials stock price ended on $0.54 on Friday after losing 1.63%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-10 Loss -7.41%

The China Advanced Construction Materials stock price fell by -1.63% on the last day (Friday, 26th Nov 2021) from $0.55 to $0.54. During the day the stock fluctuated 5.49% from a day low at $0.53 to a day high of $0.55. The price has fallen in 7 of the last 10 days and is down by -8.66% for this period. 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 -2 million shares and in total, 1 million shares were bought and sold for approximately $624.53 thousand.

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 -45.19% during the next 3 months and, with a 90% probability hold a price between $0.13 and $0.35 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.

Signals & Forecast

There are mixed signals in the stock today. The China Advanced Construction Materials stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.58. On a fall, the stock will find some support from the short-term average at $0.53. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, November 01, 2021, and so far it has fallen -31.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

China Advanced Construction Materials finds support from accumulated volume at $0.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0289 between high and low, or 5.49%. For the last week the stock has had a daily average volatility of 6.36%.

China Advanced Construction Materials is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is China Advanced Construction Materials Group stock A Buy?

China Advanced Construction Materials holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.110

Predicted Opening Price for China Advanced Construction Materials Group of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$0.54 $0.54 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 6.36 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.36 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.59
Price: $0.54
Support: $0.52

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.57 5.81 %
0.56 3.75 %
0.55 2.48 %
Current price: 0.54
Support 0.53 -1.63 %
0.52 -2.90 %
0.51 -4.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.65 21.94 %
0.61 12.92 %
0.59 9.74 %
Current price 0.54
Support 0.52 -3.02%
0.51 -4.19%
0.49 -8.75%

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About China Advanced Construction Materials Group

China Advanced Construction Materials Group, Inc., through its subsidiaries, produces and sells construction materials for large scale infrastructure, commercial, and residential developments primarily in the People’s Republic of China. Its products include ready-mixed concrete blends, controlled low-strength materials, high-strength concrete products with customized fibers, and soil cement and foundation concrete products; and compound admixtur... Read more

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