Capstone Companies, Inc. Stock Forecast

High volatility in Capstone Companies, Inc. stock price on Wednesday which ended trading at $0.0088
(Updated on Jun 26, 2024)

CAPC Signals & Forecast

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. The Capstone Companies, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0104 and $0.0119. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -46.67%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Capstone Companies, Inc. stock

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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0032 between high and low, or 36.36%. For the last week the stock has had daily average volatility of 7.27%.

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

Trading Expectations (CAPC) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Capstone Companies, Inc. to open at $0.0099, and during the day (based on 14 day Average True Range), to move between $0.0073 and $0.0103, which gives a possible trading interval of +/-$0.0015 (+/-17.43%) up or down from last closing price. If Capstone Companies, Inc. takes out the full calculated possible swing range there will be an estimated 34.86% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0104, some $0.0016 (18.18%) from the current price of $0.0088, our system finds the risk reward not very attractive.

Is Capstone Companies, Inc. stock A Buy?

Capstone Companies, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -6.954 Strong Sell Candidate Downgraded

Predicted Opening Price for Capstone Companies, Inc. of Thursday, June 27, 2024

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