Coinsilium Group Ltd Stock Forecast
Coinsilium Group Ltd stock price ended at $0.0304 on Friday, after losing 0%.
(Updated on Apr 26, 2024)
No changes to the price of Coinsilium Group Ltd stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0304 to a day high of $0.0304. The price has been going up and down for this period, and there has been a 52% gain for the last 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.41% during the next 3 months and, with a 90% probability hold a price between $0.0250 and $0.0607 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CINGF Signals & Forecast
The Coinsilium Group Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0305. On a fall, the stock will find some support from the long-term average at approximately $0.0304. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Coinsilium Group Ltd stock
Coinsilium Group Ltd finds support from accumulated volume at $0.0290 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.18%
Our recommended stop-loss: $0.0286 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (CINGF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Coinsilium Group Ltd to open at $0.0304, and during the day (based on 14 day Average True Range), to move between $0.0262 and $0.0346, which gives a possible trading interval of +/-$0.0042 (+/-13.97%) up or down from last closing price. If Coinsilium Group Ltd takes out the full calculated possible swing range there will be an estimated 27.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0313 (2.96%) than the support at $0.0290 (4.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Coinsilium Group Ltd stock A Buy?
Coinsilium Group 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 Coinsilium Group Ltd of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$0.0304 ( 0%) | $0.0304 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CINGF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0304 | . | |
R2 | 0.0304 | . | ||
R1 | 0.0304 | . | ||
Current price: | 0.0304 | |||
Support | S1 | 0.0304 | . | |
S2 | 0.0304 | . | ||
S3 | 0.0304 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0324 | 6.58 % | |
R2 | 0.0320 | 5.39 % | ||
R1 | 0.0313 | 2.96 % | ||
Current price | 0.0304 | |||
Support | S1 | 0.0290 | -4.61% | |
S2 | 0.0280 | -7.89% | ||
S3 | 0.0261 | -14.14% |
FAQ
Click here for our free guide on how to buy Coinsilium Group Ltd Stock.