Cemtrex . Series 1 Warrant Stock Forecast

Hold candidate since Jan 08, 2020 Gain 199.00%

The Cemtrex Inc. Series 1 Warrant stock price fell by -0.333% on the last day (Friday, 7th Feb 2020) from $0.0300 to $0.0299. During the last trading day the stock fluctuated 96.32% from a day low at $0.0163 to a day high of $0.0320. The price has fallen in 5 of the last 10 days but is still up by 199% over the past 2 weeks. Volume has increased on the last day by 216 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 223 thousand shares were bought and sold for approximately $6.67 thousand.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0313 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 214.91% during the next 3 months and, with a 90% probability hold a price between $0.0473 and $0.0984 at the end of this 3-month period.

CETXW Signals & Forecast

The Cemtrex Inc. Series 1 Warrant 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 $0.0197 and $0.0123. 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, February 06, 2020, and so far it has fallen -0.333%. Further fall is indicated until a new bottom pivot has been found. Cemtrex Inc. Series 1 Warrant gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Cemtrex Inc. Series 1 Warrant stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0157 between high and low, or 96.32%. For the last week the stock has had daily average volatility of 39.26%.

Our recommended stop-loss: $0.0291 (-2.73%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CETXW) For The Upcoming Trading Day Of Monday 10th

For the upcoming trading day on Monday, 10th we expect Cemtrex Inc. Series 1 Warrant to open at $0.0261, and during the day (based on 14 day Average True Range), to move between $0.0265 and $0.0333, which gives a possible trading interval of +/-$0.0068 (+/-25.69%) up or down from last closing price. If Cemtrex Inc. Series 1 Warrant takes out the full calculated possible swing range there will be an estimated 25.69% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0300, some $0.0001 (0.33%) from the current price of $0.0299, our system finds the risk reward not very attractive.

Is Cemtrex Inc. Series 1 Warrant stock A Buy?

Cemtrex Inc. Series 1 Warrant holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Fair Opening Price

Predicted fair opening price on February 10, 2020 - $0.0261 ( 12.82%).

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