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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CETX
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High volatility in Cemtrex Inc. stock price on Tuesday which ended trading at $0.320
(Updated on Jun 11, 2024)

Sell candidate since May 20, 2024 Loss -27.27% PDF

The Cemtrex Inc. stock price gained 3.16% on the last trading day (Tuesday, 11th Jun 2024), rising from $0.310 to $0.320. During the last trading day the stock fluctuated 11.02% from a day low at $0.304 to a day high of $0.338. The price has fallen in 7 of the last 10 days and is down by -11.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 505 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $380.40 thousand.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is -$0.274, a level that may pose a second chance to hit a runner. According to fan-theory $1.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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CETX Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Cemtrex 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. The Cemtrex Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.336 and $0.593. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -34.29%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Cemtrex Inc. stock

Cemtrex Inc. finds support from accumulated volume at $0.306 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0335 between high and low, or 11.02%. For the last week, the stock has had daily average volatility of 12.66%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CETX) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Cemtrex Inc. to open at $0.321, and during the day (based on 14 day Average True Range), to move between $0.224 and $0.416, which gives a possible trading interval of +/-$0.0960 (+/-30.00%) up or down from last closing price. If Cemtrex Inc. takes out the full calculated possible swing range there will be an estimated 59.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.327 (2.03%) than the support at $0.306 (4.53%), 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 Cemtrex Inc. stock A Buy?

Cemtrex Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -7.036 Strong Sell Candidate Unchanged

Predicted Opening Price for Cemtrex Inc. of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$0.321 ( 0.156%) $0.320

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CETX

Fibonacci Support & Resistance Levels

Level Price
R3 0.354 10.63%
R2 0.341 6.63%
R1 0.333 4.16%
Price 0.320
S1 0.308 -3.84%
S2 0.300 -6.31%
S3 0.287 -10.31%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.388 21.25%
R2 0.383 19.56%
R1 0.327 2.03%
Price 0.320
S1 0.306 -4.53%
S2 0.300 -6.25%
S3 0.299 -6.66%

CETX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2017 Mar 29, 2017 Apr 19, 2017 $5.60 0.602%

FAQ

What is the symbol for Cemtrex Inc. Stock and on which exchange is it traded?
The symbol for Cemtrex Inc. is CETX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cemtrex Inc. Stock?
Cemtrex Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Cemtrex Inc. Stock?
Cemtrex Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cemtrex Inc. Stock.

What's the current price of Cemtrex Inc. Stock?
As of the end of day on the Jun 11, 2024, the price of an Cemtrex Inc. (CETX) share was $0.320.

What is the 52-week high and low for Cemtrex Inc. Stock?
The 52-week high for Cemtrex Inc. Stock is $9.98 and the 52-week low is $0.250.

What is the market capitalization of Cemtrex Inc. Stock?
As of the Jun 11, 2024, the market capitalization of Cemtrex Inc. is 3.409M.

When is the next earnings date for Cemtrex Inc.?
The upcoming earnings date for Cemtrex Inc. is Aug 08, 2024.
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About Cemtrex Inc.

Cemtrex. Cemtrex, Inc. operates as a technology company in the United States and internationally. The company operates through Advanced Technologies and Industrial Services segments. The Advanced Technologies segment provides Internet of Things products and smart devices under the SmartDesk name for mobile, web, virtual and augmented reality, wearables, and television markets; and security and video surveillance solutions, and virtual and augmented realit... CETX Profile

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