Cognetivity Neurosciences Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Strong day for Cognetivity Neurosciences Ltd. stock price on Monday rising 10.34% to $0.0160
(Updated on Jun 17, 2024)
The Cognetivity Neurosciences Ltd. stock price gained 10.34% on the last trading day (Monday, 17th Jun 2024), rising from $0.0145 to $0.0160. During the last trading day the stock fluctuated 0% from a day low at $0.0160 to a day high of $0.0160. The price has been going up and down for this period, and there has been a 44.14% 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, 10 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $160.00 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.42% during the next 3 months and, with a 90% probability hold a price between $0.0088 and $0.0174 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 $0.0147 and $0.0130. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 60.00%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Cognetivity Neurosciences Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0145 and $0.0129. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cognetivity Neurosciences Ltd. finds support just below today's level at $0.0145. If this is broken, then the next support from accumulated volume will be at $0.0129 and $0.0128.
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%.
Our recommended stop-loss: $0.0154 (-3.68%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (CGNSF) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Cognetivity Neurosciences Ltd. to open at $0.0160, and during the day (based on 14 day Average True Range), to move between $0.0151 and $0.0169, which gives a possible trading interval of +/-$0.0009 (+/-5.39%) up or down from last closing price. If Cognetivity Neurosciences Ltd. takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0145 (9.38%) than the resistance at $0.0178 (11.25%), 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 Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0160 ( 0%) | $0.0160 |
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 | 0.0160 | - |
| R2 | 0.0160 | - |
| R1 | 0.0160 | - |
| Price | 0.0160 | |
| S1 | 0.0160 | - |
| S2 | 0.0160 | - |
| S3 | 0.0160 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0184 | 14.75% |
| R2 | 0.0181 | 13.13% |
| R1 | 0.0178 | 11.25% |
| Price | 0.0160 | |
| S1 | 0.0145 | -9.38% |
| S2 | 0.0129 | -19.38% |
| S3 | 0.0128 | -19.94% |
FAQ
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