Carecloud, Inc. Stock Forecast
Carecloud, Inc. stock price up 3.23% on Thursday
(Updated on Jun 20, 2024)
The Carecloud, Inc. stock price gained 3.23% on the last trading day (Thursday, 20th Jun 2024), rising from $12.64 to $13.05. During the last trading day the stock fluctuated 7.83% from a day low at $12.10 to a day high of $13.05. The price has risen in 5 of the last 10 days but is still down by -0.7% for this period. Volume fell on the last day by -9 thousand shares and in total, 727 shares were bought and sold for approximately $9.49 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 197.16% during the next 3 months and, with a 90% probability hold a price between $34.29 and $44.12 at the end of this 3-month period.
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CCLDO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -3.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Carecloud, 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 $13.03 and $11.25. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Carecloud, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.35 and $12.00. 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, Carecloud, Inc. finds support just below today's level at $12.35. If this is broken, then the next support from accumulated volume will be at $12.00 and $10.61.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.95 between high and low, or 7.83%. For the last week the stock has had daily average volatility of 8.03%.
Our recommended stop-loss: $12.53 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (CCLDO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Carecloud, Inc. to open at $12.73, and during the day (based on 14 day Average True Range), to move between $12.12 and $13.97, which gives a possible trading interval of +/-$0.93 (+/-7.10%) up or down from last closing price. If Carecloud, Inc. takes out the full calculated possible swing range there will be an estimated 14.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.09 (0.35%) than the support at $12.35 (5.35%), 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 Carecloud, 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 Carecloud, Inc. stock to perform well in the short-term.
Current score: 1.116 Buy Candidate Unchanged
Predicted Opening Price for Carecloud, Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $12.73 ( 2.42%) | $13.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCLDO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.68 | 4.84% |
| R2 | 13.32 | 2.07% |
| R1 | 13.09 | 0.353% |
| Price | 13.05 | |
| S1 | 12.37 | -5.20% |
| S2 | 12.15 | -6.91% |
| S3 | 11.78 | -9.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.20 | 1.17% |
| R2 | 13.14 | 0.707% |
| R1 | 13.09 | 0.348% |
| Price | 13.05 | |
| S1 | 12.35 | -5.35% |
| S2 | 12.00 | -8.03% |
| S3 | 10.61 | -18.68% |
CCLDO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 08, 2023 | Feb 28, 2024 | Mar 15, 2024 | $0.182 | 3.13% |
| 2 | Oct 31, 2023 | Jan 30, 2024 | Feb 15, 2024 | $0.182 | 2.90% |
| 3 | Oct 31, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.182 | 2.99% |
| 4 | Aug 01, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.182 | 4.57% |
| 5 | Aug 01, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.182 | 1.31% |
FAQ
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