Clean Diesel Technologies Stock Forecast
On Monday, Clean Diesel Technologies stock price gained an impressive 14.75%
(Updated on Apr 29, 2024)
The Clean Diesel Technologies stock price gained 14.75% on the last trading day (Monday, 29th Apr 2024), rising from $0.610 to $0.700. During the last trading day the stock fluctuated 0% from a day low at $0.700 to a day high of $0.700. The price has been going up and down for this period, and there has been a 22.81% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $4.14 thousand.
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 8.23% during the next 3 months and, with a 90% probability hold a price between $0.627 and $0.84 at the end of this 3-month period.
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CDTI Signals & Forecast
Mostly positive signals in the chart today. The Clean Diesel Technologies 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 $0.639 and $0.634. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 22.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Clean Diesel Technologies has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Clean Diesel Technologies stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.620 and $0.600. 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, Clean Diesel Technologies finds support just below today's level at $0.620. If this is broken, then the next support from accumulated volume will be at $0.600 and $0.595.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $0.675 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (CDTI) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Clean Diesel Technologies to open at $0.700, and during the day (based on 14 day Average True Range), to move between $0.666 and $0.734, which gives a possible trading interval of +/-$0.0335 (+/-4.79%) up or down from last closing price. If Clean Diesel Technologies takes out the full calculated possible swing range there will be an estimated 9.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.740 (5.71%) than the support at $0.620 (11.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Clean Diesel Technologies stock A Buy?
Clean Diesel Technologies holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 7.926 Strong Buy Candidate Upgraded
Predicted Opening Price for Clean Diesel Technologies of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $0.700 ( 0.00000000%) | $0.700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDTI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.700 | 0.00000000 % | |
| R2 | 0.700 | 0.00000000 % | ||
| R1 | 0.700 | 0.00000000 % | ||
| Current price: | 0.700 | |||
| Support | S1 | 0.700 | 0.00000000 % | |
| S2 | 0.700 | 0.00000000 % | ||
| S3 | 0.700 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.750 | 7.14 % | ||
| R1 | 0.740 | 5.71 % | ||
| Current price | 0.700 | |||
| Support | S1 | 0.620 | -11.43% | |
| S2 | 0.600 | -14.29% | ||
| S3 | 0.595 | -15.00% |
FAQ
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