Cerberus Cyber Sentinel Corporation Stock Forecast
Volatile ride for Cerberus Cyber Sentinel Corporation stock price on Friday moving between $0.560 and $0.636
(Updated on Jun 28, 2024)
The Cerberus Cyber Sentinel Corporation stock price fell by -8.25% on the last day (Friday, 28th Jun 2024) from $0.630 to $0.578. During the last trading day the stock fluctuated 13.55% from a day low at $0.560 to a day high of $0.636. The price has fallen in 8 of the last 10 days and is down by -32% for this period. Volume has increased on the last day by 337 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 373 thousand shares were bought and sold for approximately $215.71 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.568 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -50.12% during the next 3 months and, with a 90% probability hold a price between $0.283 and $0.365 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CISO Signals & Forecast
There are few to no technical positive signals at the moment. The Cerberus Cyber Sentinel 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 $0.632 and $0.765. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -32.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Cerberus Cyber Sentinel Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Cerberus Cyber Sentinel 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 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 $0.0759 between high and low, or 13.55%. For the last week, the stock has had daily average volatility of 9.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CISO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cerberus Cyber Sentinel Corporation to open at $0.591, and during the day (based on 14 day Average True Range), to move between $0.509 and $0.647, which gives a possible trading interval of +/-$0.0693 (+/-11.99%) up or down from last closing price. If Cerberus Cyber Sentinel Corporation takes out the full calculated possible swing range there will be an estimated 23.98% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.639, some $0.0613 (10.61%) from the current price of $0.578, our system finds the risk reward not very attractive.
Is Cerberus Cyber Sentinel Corporation stock A Buy?
Cerberus Cyber Sentinel 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: -8.021 Strong Sell Candidate Unchanged
Predicted Opening Price for Cerberus Cyber Sentinel Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.591 ( 2.31%) | $0.578 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CISO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.667 | 15.44% |
| R2 | 0.638 | 10.43% |
| R1 | 0.620 | 7.33% |
| Price | 0.578 | |
| S1 | 0.562 | -2.70% |
| S2 | 0.544 | -5.80% |
| S3 | 0.515 | -10.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.709 | 22.61% |
| R2 | 0.656 | 13.53% |
| R1 | 0.639 | 10.61% |
| Price | 0.578 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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