Corecard Corporation Stock Forecast

Red day on Friday for Corecard Corporation stock after losing 1.89%
(Updated on Apr 26, 2024)

CCRD Signals & Forecast

The Corecard Corporation 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 $12.08. On a fall, the stock will find some support from the long-term average at approximately $11.33. 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 Tuesday, April 16, 2024, and so far it has fallen -9.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Corecard Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $11.30 and $11.05. 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, Corecard Corporation finds support just below today's level at $11.30. If this is broken, then the next support from accumulated volume will be at $11.05 and $10.91.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.595 between high and low, or 5.15%. For the last week the stock has had daily average volatility of 5.01%.

Our recommended stop-loss: $11.22 (-5.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (CCRD) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Corecard Corporation to open at $11.87, and during the day (based on 14 day Average True Range), to move between $11.03 and $12.81, which gives a possible trading interval of +/-$0.89 (+/-7.48%) up or down from last closing price. If Corecard Corporation takes out the full calculated possible swing range there will be an estimated 14.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.30 (5.20%) than the resistance at $12.59 (5.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Corecard Corporation stock A Buy?

Corecard Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.909 Hold/Accumulate Unchanged

Predicted Opening Price for Corecard Corporation of Monday, April 29, 2024

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