Charlie's Holdings Inc Stock Forecast

Charlie's Holdings Inc stock price ended at $0.110 on Monday, after losing 0%.
(Updated on May 20, 2024)

CHUC Signals & Forecast

The Charlie's Holdings Inc 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 $0.107 and $0.103. 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). 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. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -10.64%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Charlie's Holdings Inc stock

Charlie's Holdings Inc finds support from accumulated volume at $0.107 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "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 9.51%.

Our recommended stop-loss: $0.104 (-5.70%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 69 days ago.)

Trading Expectations (CHUC) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Charlie's Holdings Inc to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.101 and $0.119, which gives a possible trading interval of +/-$0.0091 (+/-8.27%) up or down from last closing price. If Charlie's Holdings Inc takes out the full calculated possible swing range there will be an estimated 16.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.107 (2.55%) than the resistance at $0.119 (8.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Charlie's Holdings Inc stock A Buy?

Charlie's Holdings Inc 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: -0.250 Hold/Accumulate Unchanged

Predicted Opening Price for Charlie's Holdings Inc of Tuesday, May 21, 2024

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