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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of CATV
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Volatile ride for 4Cable Tv Intl Inc stock price on Friday moving between $0.0017 and $0.0020
(Updated on Jun 28, 2024)

Buy candidate since Jun 17, 2024 Gain 38.46% PDF

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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should fall by -83.95% to $0.0003 within 18 trading days since signal was issued (Tuesday, July 23, 2024).

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

What is the symbol for 4Cable Tv Intl Inc Stock and on which exchange is it traded?
The symbol for 4Cable Tv Intl Inc is CATV and it is traded on the PINK (Pink Sheets).

Should I buy or sell 4Cable Tv Intl Inc Stock?
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.

How to buy 4Cable Tv Intl Inc Stock?
4Cable Tv Intl Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy 4Cable Tv Intl Inc Stock.

What's the current price of 4Cable Tv Intl Inc Stock?
As of the end of day on the Jun 28, 2024, the price of an 4Cable Tv Intl Inc (CATV) share was $0.0018.

What is the 52-week high and low for 4Cable Tv Intl Inc Stock?
The 52-week high for 4Cable Tv Intl Inc Stock is $0.0048 and the 52-week low is $0.0001.

What is the market capitalization of 4Cable Tv Intl Inc Stock?
As of the Jun 28, 2024, the market capitalization of 4Cable Tv Intl Inc is 7.71M.

When is the next earnings date for 4Cable Tv Intl Inc?
The upcoming earnings date for 4Cable Tv Intl Inc is Aug 15, 2024.
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About 4Cable Tv Intl Inc

4Cable Tv Intl 4Cable TV International, Inc. provides specialty solutions to the cable television sector. It offers a suite of products comprising RF to Fiber (RF2F), a proprietary line of coax-to-fiber taps that enables cable operators to reach homes within their franchise authorized area; PowerMiser, a circuitry, which allows a low current 1 GHz amplifier and/or line extender to be constructed with a decrease in current power requirements; RF over Glass (RFoG... CATV Profile

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