Coastal Capital Acquisition Corp. Stock Forecast
Red day on Thursday for Coastal Capital Acquisition Corp.
(Updated on Apr 25, 2024)
No changes to the price of Coastal Capital Acquisition Corp. stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0011 to a day high of $0.0011. The price has been going up and down for this period, and there has been a -26.67% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0010 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.28% during the next 3 months and, with a 90% probability hold a price between $0.0013 and $0.0023 at the end of this 3-month period.
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CCAJ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Coastal Capital Acquisition Corp. 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 $0.0013 and $0.0015. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Coastal Capital Acquisition Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0010. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 7.45%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCAJ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Coastal Capital Acquisition Corp. to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0014, which gives a possible trading interval of +/-$0.0003 (+/-22.87%) up or down from last closing price. If Coastal Capital Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 45.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0010 (9.09%) than the resistance at $0.0013 (13.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Coastal Capital Acquisition Corp. stock A Buy?
The Coastal Capital Acquisition Corp. stock holds several negative signals and despite the positive trend, we believe Coastal Capital Acquisition Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.043 Sell Candidate Unchanged
Predicted Opening Price for Coastal Capital Acquisition Corp. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0011 ( 0%) | $0.0011 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCAJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0011 | . | |
| R2 | 0.0011 | . | ||
| R1 | 0.0011 | . | ||
| Current price: | 0.0011 | |||
| Support | S1 | 0.0011 | . | |
| S2 | 0.0011 | . | ||
| S3 | 0.0011 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0013 | 18.18 % | ||
| R1 | 0.0013 | 13.64 % | ||
| Current price | 0.0011 | |||
| Support | S1 | 0.0010 | -9.09% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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