CHARBONE Hydrogen Corporation Stock Forecast

High volatility in CHARBONE Hydrogen Corporation stock price on Friday which ended trading at $0.0600
(Updated on Jun 14, 2024)

CH.V Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. The CHARBONE Hydrogen Corporation 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 $0.0607 and $0.0756. 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).

Support, Risk & Stop-loss for CHARBONE Hydrogen Corporation 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.

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 $0.0100 between high and low, or 18.18%. For the last week, the stock has had daily average volatility of 8.79%.

CHARBONE Hydrogen Corporation is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CH.V) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect CHARBONE Hydrogen Corporation to open at $0.0600, and during the day (based on 14 day Average True Range), to move between $0.0539 and $0.0661, which gives a possible trading interval of +/-$0.0061 (+/-10.16%) up or down from last closing price. If CHARBONE Hydrogen Corporation takes out the full calculated possible swing range there will be an estimated 20.32% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0650, some $0.0050 (8.33%) from the current price of $0.0600, our system finds the risk reward not very attractive.

Is CHARBONE Hydrogen Corporation stock A Buy?

CHARBONE Hydrogen Corporation 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: -4.163 Sell Candidate Unchanged

Predicted Opening Price for CHARBONE Hydrogen Corporation of Monday, June 17, 2024

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