Carecloud, Inc. Stock Forecast
Carecloud, Inc. stock price up more than 5.07% on Monday
(Updated on Jun 24, 2024)
The Carecloud, Inc. stock price gained 5.07% on the last trading day (Monday, 24th Jun 2024), rising from $10.30 to $10.82. During the last trading day the stock fluctuated 9.35% from a day low at $9.95 to a day high of $10.88. The price has fallen in 5 of the last 10 days and is down by -20.08% for this period. Volume fell on the last day by -13 thousand shares and in total, 6 thousand shares were bought and sold for approximately $69.59 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 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 $10.45 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 169.49% during the next 3 months and, with a 90% probability hold a price between $28.17 and $40.74 at the end of this 3-month period.
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CCLDO Signals & Forecast
There are few to no technical positive signals at the moment. The Carecloud, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $12.29 and $11.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -20.08%. 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.
Support, Risk & Stop-loss for Carecloud, Inc. stock
Carecloud, Inc. finds support from accumulated volume at $10.61 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.93 between high and low, or 9.35%. For the last week the stock has had daily average volatility of 13.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCLDO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Carecloud, Inc. to open at $10.55, and during the day (based on 14 day Average True Range), to move between $9.72 and $11.92, which gives a possible trading interval of +/-$1.10 (+/-10.18%) up or down from last closing price. If Carecloud, Inc. takes out the full calculated possible swing range there will be an estimated 20.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.61 (1.91%) than the resistance at $11.40 (5.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carecloud, Inc. stock A Buy?
The Carecloud, Inc. stock holds several negative signals and despite the positive trend, we believe Carecloud, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.544 Sell Candidate Upgraded
Predicted Opening Price for Carecloud, Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $10.55 ( 2.48%) | $10.82 |
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 | 11.48 | 6.12% |
| R2 | 11.12 | 2.84% |
| R1 | 10.90 | 0.81% |
| Price | 10.82 | |
| S1 | 10.19 | -5.76% |
| S2 | 9.97 | -7.79% |
| S3 | 9.62 | -11.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.35 | 14.18% |
| R2 | 12.00 | 10.94% |
| R1 | 11.40 | 5.39% |
| Price | 10.82 | |
| S1 | 10.61 | -1.91% |
| S2 | 10.30 | -4.82% |
| S3 | 8.46 | -21.79% |
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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