Cognetivity Neurosciences Ltd. Stock Forecast
On Tuesday, Cognetivity Neurosciences Ltd. stock price gained an impressive 15.63%
(Updated on Jun 25, 2024)
The Cognetivity Neurosciences Ltd. stock price gained 15.63% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0160 to $0.0185. During the last trading day the stock fluctuated 0% from a day low at $0.0185 to a day high of $0.0185. The price has been going up and down for this period, and there has been a 27.59% 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, 20 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $370.00 .
The stock lies the upper part of a very wide and falling 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 $0.0201 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.69% during the next 3 months and, with a 90% probability hold a price between $0.0095 and $0.0193 at the end of this 3-month period.
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CGNSF Signals & Forecast
The Cognetivity Neurosciences Ltd. 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 $0.0161 and $0.0135. 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). Cognetivity Neurosciences Ltd. 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. The very low volume increases the risk and reduces the other technical signals issued. 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, April 11, 2024, and so far it has fallen -10.63%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Cognetivity Neurosciences Ltd. stock
Cognetivity Neurosciences Ltd. finds support from accumulated volume at $0.0184 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
The Cognetivity Neurosciences Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $0.0175 (-5.16%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 90 days ago.)
Trading Expectations (CGNSF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Cognetivity Neurosciences Ltd. to open at $0.0185, and during the day (based on 14 day Average True Range), to move between $0.0177 and $0.0193, which gives a possible trading interval of +/-$0.0008 (+/-4.24%) up or down from last closing price. If Cognetivity Neurosciences Ltd. takes out the full calculated possible swing range there will be an estimated 8.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0184 (0.76%) than the resistance at $0.0202 (9.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cognetivity Neurosciences Ltd. stock A Buy?
Cognetivity Neurosciences Ltd. 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 Opening Price for Cognetivity Neurosciences Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0185 ( 0%) | $0.0185 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGNSF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0185 | - |
| R2 | 0.0185 | - |
| R1 | 0.0185 | - |
| Price | 0.0185 | |
| S1 | 0.0185 | - |
| S2 | 0.0185 | - |
| S3 | 0.0185 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0207 | 11.89% |
| R2 | 0.0203 | 9.46% |
| R1 | 0.0202 | 9.35% |
| Price | 0.0185 | |
| S1 | 0.0184 | -0.757% |
| S2 | 0.0178 | -3.78% |
| S3 | 0.0145 | -21.62% |
FAQ
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