CEA Industries Inc. Stock Forecast
High volatility in CEA Industries Inc. stock price on Wednesday which ended trading at $0.594
(Updated on Apr 17, 2024)
The CEA Industries Inc. stock price gained 21.38% on the last trading day (Wednesday, 17th Apr 2024), rising from $0.490 to $0.594. During the last trading day the stock fluctuated 24.06% from a day low at $0.515 to a day high of $0.639. The price has been going up and down for this period, and there has been a 5.33% 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, 270 thousand more shares were traded than the day before. In total, 389 thousand shares were bought and sold for approximately $231.33 thousand.
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 CEA Industries Inc. stock with a 90% probability to be traded between $0.497 and $0.656 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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CEAD Signals & Forecast
The CEA Industries Inc. 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 $0.537 and $0.560. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 21.38%. Further rise is indicated until a new top pivot has been found. CEA Industries Inc. 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CEA Industries Inc. stock
CEA Industries Inc. finds support from accumulated volume at $0.581 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.124 between high and low, or 24.06%. For the last week, the stock has had daily average volatility of 16.02%.
Our recommended stop-loss: $0.570 (-4.10%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (CEAD) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect CEA Industries Inc. to open at $0.583, and during the day (based on 14 day Average True Range), to move between $0.540 and $0.649, which gives a possible trading interval of +/-$0.0546 (+/-9.18%) up or down from last closing price. If CEA Industries Inc. takes out the full calculated possible swing range there will be an estimated 18.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.581 (2.25%) than the resistance at $0.609 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CEA Industries Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for CEA Industries Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.117 Buy Candidate Upgraded
Predicted Opening Price for CEA Industries Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $0.583 ( 1.96%) | $0.594 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEAD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.707 | 18.89 % | |
| R2 | 0.659 | 10.92 % | ||
| R1 | 0.630 | 6.01 % | ||
| Current price: | 0.594 | |||
| Support | S1 | 0.535 | -9.92 % | |
| S2 | 0.506 | -14.84 % | ||
| S3 | 0.459 | -22.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.645 | 8.48 % | |
| R2 | 0.614 | 3.36 % | ||
| R1 | 0.609 | 2.44 % | ||
| Current price | 0.594 | |||
| Support | S1 | 0.581 | -2.25% | |
| S2 | 0.560 | -5.79% | ||
| S3 | 0.550 | -7.47% |
FAQ
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