Cdt Environmental Technology Investment Stock Forecast
High volatility in Cdt Environmental Technology Investment stock price on Friday which ended trading at $3.92
(Updated on Jun 28, 2024)
The Cdt Environmental Technology Investment stock price gained 0.513% on the last trading day (Friday, 28th Jun 2024), rising from $3.90 to $3.92. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 11.68% from a day low at $3.51 to a day high of $3.92. The price has risen in 6 of the last 10 days but is still down by -1.51% for this period. Volume fell on the last day by -877 shares and in total, 2 thousand shares were bought and sold for approximately $9.73 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 weak 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 8.81% during the next 3 months and, with a 90% probability hold a price between $3.82 and $4.81 at the end of this 3-month period.
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CDTG Signals & Forecast
The Cdt Environmental Technology Investment 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 $3.78 and $3.81. A breakdown below any of these levels will issue sell signals. 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 Friday, June 07, 2024, and so far it has fallen -3.92%. 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.
A sell signal from a double top formation was found on Friday, June 07, 2024 and based on theory for this formation the price should fall by -17.99% to $3.21 within 30 trading days since signal was issued (Tuesday, July 23, 2024).
Support, Risk & Stop-loss for Cdt Environmental Technology Investment stock
Cdt Environmental Technology Investment finds support from accumulated volume at $3.86 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 $0.410 between high and low, or 11.68%. For the last week the stock has had daily average volatility of 9.31%.
Our recommended stop-loss: $3.73 (-4.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (CDTG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cdt Environmental Technology Investment Holdings Limited Ordinary Shares to open at $3.78, and during the day (based on 14 day Average True Range), to move between $3.60 and $4.24, which gives a possible trading interval of +/-$0.324 (+/-8.26%) up or down from last closing price. If Cdt Environmental Technology Investment Holdings Limited Ordinary Shares takes out the full calculated possible swing range there will be an estimated 16.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.86 (1.53%) than the resistance at $4.04 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cdt Environmental Technology Investment Holdings Limited Ordinary Shares stock A Buy?
Cdt Environmental Technology Investment holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.224 Hold/Accumulate Upgraded
Predicted Opening Price for Cdt Environmental Technology Investment Holdings Limited Ordinary Shares of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.78 ( 3.49%) | $3.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDTG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.19 | 6.97% |
| R2 | 4.04 | 2.98% |
| R1 | 3.94 | 0.509% |
| Price | 3.92 | |
| S1 | 3.63 | -7.48% |
| S2 | 3.53 | -9.95% |
| S3 | 3.37 | -13.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.10 | 4.59% |
| R2 | 4.07 | 3.83% |
| R1 | 4.04 | 3.06% |
| Price | 3.92 | |
| S1 | 3.86 | -1.53% |
| S2 | 3.75 | -4.34% |
| S3 | 3.30 | -15.82% |
FAQ
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