CCX USD Stock Forecast
CCX USD stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The CCX USD stock price fell by -4.81% on the last day (Friday, 28th Jun 2024) from $0.131 to $0.125. During the last trading day the stock fluctuated 6.23% from a day low at $0.124 to a day high of $0.132. The price has been going up and down for this period, and there has been a 6.05% gain for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CCX USD stock with a 90% probability to be traded between $0.113 and $0.144 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CCXXUSD Signals & Forecast
The CCX USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.123 and $0.124. 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 Thursday, June 27, 2024, and so far it has fallen -4.81%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CCX USD stock
CCX USD finds support from accumulated volume at $0.124 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 $0.0077 between high and low, or 6.23%. For the last week the stock has had daily average volatility of 5.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCXXUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect CCX USD to open at $0.127, and during the day (based on 14 day Average True Range), to move between $0.119 and $0.130, which gives a possible trading interval of +/-$0.0052 (+/-4.15%) up or down from last closing price. If CCX USD takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.124 (0.56%) than the resistance at $0.126 (1.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CCX USD stock A Buy?
CCX 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.632 Sell Candidate Downgraded
Predicted Opening Price for CCX USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.127 ( 1.81%) | $0.125 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCXXUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.135 | 8.02% |
R2 | 0.132 | 5.65% |
R1 | 0.130 | 4.18% |
Price | 0.125 | |
S1 | 0.124 | -0.559% |
S2 | 0.122 | -2.02% |
S3 | 0.119 | -4.39% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.141 | 13.05% |
R2 | 0.140 | 12.54% |
R1 | 0.126 | 1.20% |
Price | 0.125 | |
S1 | 0.124 | -0.562% |
S2 | 0.123 | -1.40% |
S3 | 0.120 | -3.65% |
FAQ
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