Cognetivity Neurosciences Ltd. Stock Forecast
Red day on Friday for Cognetivity Neurosciences Ltd. stock after losing 0%
(Updated on May 10, 2024)
No changes to the price of Cognetivity Neurosciences Ltd. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0150 to a day high of $0.0150. The price has been going up and down for this period, and there has been a -25% loss for the last 2 weeks.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0148 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Cognetivity Neurosciences Ltd. stock with a 90% probability to be traded between $0.0147 and $0.0297 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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CGN.CN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cognetivity Neurosciences Ltd. 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 $0.0164 and $0.0184. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Cognetivity Neurosciences Ltd. 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 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 6.67%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGN.CN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Cognetivity Neurosciences Ltd. to open at $0.0150, and during the day (based on 14 day Average True Range), to move between $0.0127 and $0.0173, which gives a possible trading interval of +/-$0.0023 (+/-15.30%) up or down from last closing price. If Cognetivity Neurosciences Ltd. takes out the full calculated possible swing range there will be an estimated 30.61% move between the lowest and the highest trading price during the day.
Is Cognetivity Neurosciences Ltd. stock A Buy?
Cognetivity Neurosciences Ltd. 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: -1.789 Sell Candidate Unchanged
Predicted Opening Price for Cognetivity Neurosciences Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0150 ( 0%) | $0.0150 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGN.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0150 | . | |
| R2 | 0.0150 | . | ||
| R1 | 0.0150 | . | ||
| Current price: | 0.0150 | |||
| Support | S1 | 0.0150 | . | |
| S2 | 0.0150 | . | ||
| S3 | 0.0150 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0150 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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