4Cable Tv Intl Inc Stock Forecast
Volatile ride for 4Cable Tv Intl Inc stock price on Friday moving between $0.0017 and $0.0020
(Updated on Jun 28, 2024)
The 4Cable Tv Intl Inc stock price gained 12.50% on the last trading day (Friday, 28th Jun 2024), rising from $0.0016 to $0.0018. During the last trading day the stock fluctuated 17.65% from a day low at $0.0017 to a day high of $0.0020. The price has risen in 5 of the last 10 days and is up by 80% over the past 2 weeks. Volume fell on the last day by -7 million shares and in total, 3 million shares were bought and sold for approximately $5.73 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 29.60% during the next 3 months and, with a 90% probability hold a price between $0.0013 and $0.0028 at the end of this 3-month period.
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CATV Signals & Forecast
The 4Cable Tv Intl Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0018. On a fall, the stock will find some support from the long-term average at approximately $0.0013. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, June 26, 2024, and so far it has fallen -10.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for 4Cable Tv Intl Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0017 and $0.0016. 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, 4Cable Tv Intl Inc finds support just below today's level at $0.0017. If this is broken, then the next support from accumulated volume will be at $0.0016 and $0.0014.
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 $0.0003 between high and low, or 17.65%. For the last week the stock has had daily average volatility of 31.59%.
Our recommended stop-loss: $0.0017 (-5.20%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (CATV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect 4Cable Tv Intl Inc to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0022, which gives a possible trading interval of +/-$0.0004 (+/-22.26%) up or down from last closing price. If 4Cable Tv Intl Inc takes out the full calculated possible swing range there will be an estimated 44.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0019 (5.56%) than the support at $0.0017 (5.56%), 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 4Cable Tv Intl Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 4Cable Tv Intl Inc stock to perform well in the short-term.
Current score: 3.474 Buy Candidate Unchanged
Predicted Opening Price for 4Cable Tv Intl Inc of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.0018 ( 1.85%) | $0.0018 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CATV
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0021 | 18.52% |
R2 | 0.0020 | 12.15% |
R1 | 0.0019 | 8.22% |
Price | 0.0018 | |
S1 | 0.0017 | -4.51% |
S2 | 0.0016 | -8.45% |
S3 | 0.0015 | -14.81% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0.0020 | 11.11% |
R1 | 0.0019 | 5.56% |
Price | 0.0018 | |
S1 | 0.0017 | -5.56% |
S2 | 0.0016 | -11.11% |
S3 | 0.0014 | -22.22% |
FAQ
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