Cryo-Cell International, Inc Stock Forecast

Cryo-Cell International, Inc stock price down 0.241% on Wednesday
(Updated on May 01, 2024)

CCEL Signals & Forecast

The Cryo-Cell International, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.12 and $7.20. A breakdown below any of these levels will issue sell signals. 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 Friday, April 26, 2024, and so far it has fallen -1.89%. Further fall is indicated until a new bottom pivot has been found. Cryo-Cell International, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Cryo-Cell International, Inc stock

Cryo-Cell International, Inc finds support from accumulated volume at $8.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.233 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 4.19%.

Our recommended stop-loss: $8.02 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (CCEL) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Cryo-Cell International, Inc to open at $8.30, and during the day (based on 14 day Average True Range), to move between $7.84 and $8.74, which gives a possible trading interval of +/-$0.446 (+/-5.38%) up or down from last closing price. If Cryo-Cell International, Inc takes out the full calculated possible swing range there will be an estimated 10.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.31 (0.24%) than the support at $8.04 (3.02%), 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 Cryo-Cell International, 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 Cryo-Cell International, Inc stock to perform well in the short-term.

Current score: 3.665 Buy Candidate Unchanged

Predicted Opening Price for Cryo-Cell International, Inc of Thursday, May 2, 2024

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