Code Green Apparel Corp. Stock Forecast

Red day on Tuesday for Code Green Apparel Corp. stock after losing 0%
(Updated on Jul 02, 2024)

CGAC Signals & Forecast

The Code Green Apparel Corp. 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 $0.0003 and $0.0003. 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 Monday, July 01, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 33.33% to $0.0004 within 8 trading days since signal was issued (Monday, June 24, 2024).

Support, Risk & Stop-loss for Code Green Apparel Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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: $0.0003 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (CGAC) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Code Green Apparel Corp. to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0003, which gives a possible trading interval of +/-$0.00003588 (+/-11.96%) up or down from last closing price. If Code Green Apparel Corp. takes out the full calculated possible swing range there will be an estimated 23.92% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0003, some $0.00005 (16.67%) from the current price of $0.0003, our system finds the risk reward attractive.

Is Code Green Apparel Corp. stock A Buy?

Code Green Apparel Corp. 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: -0.279 Hold/Accumulate Unchanged

Predicted Opening Price for Code Green Apparel Corp. of Wednesday, July 3, 2024

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