Carbon Credit USD Stock Forecast
Carbon Credit USD stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Carbon Credit USD stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.0739% from a day low at $0.189 to a day high of $0.190. The price has fallen in 6 of the last 10 days and is down by -10.15% for this period.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.208 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.19% during the next 3 months and, with a 90% probability hold a price between $0.102 and $0.182 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CCTUSD Signals & Forecast
The Carbon Credit USD 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 $0.189 and $0.186. 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 Tuesday, June 18, 2024, and so far it has fallen -10.15%. Further fall is indicated until a new bottom pivot has been found. 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 Carbon Credit USD stock
Carbon Credit USD finds support from accumulated volume at $0.187 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 0.0739%. For the last week the stock has had daily average volatility of 0.183%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Carbon Credit USD to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.180 and $0.199, which gives a possible trading interval of +/-$0.0094 (+/-4.98%) up or down from last closing price. If Carbon Credit USD takes out the full calculated possible swing range there will be an estimated 9.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.187 (1.10%) than the resistance at $0.206 (8.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carbon Credit USD stock A Buy?
Carbon Credit USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.476 Sell Candidate Unchanged
Predicted Opening Price for Carbon Credit USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.190 ( 0.0106%) | $0.189 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.190 | 0.0844% |
| R2 | 0.190 | 0.0562% |
| R1 | 0.190 | 0.0388% |
| Price | 0.189 | |
| S1 | 0.189 | -0.0177% |
| S2 | 0.189 | -0.0351% |
| S3 | 0.189 | -0.0633% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.207 | 9.47% |
| R2 | 0.207 | 9.03% |
| R1 | 0.206 | 8.61% |
| Price | 0.189 | |
| S1 | 0.187 | -1.10% |
| S2 | 0.187 | -1.10% |
| S3 | 0.187 | -1.15% |
FAQ
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