Cellebrite DI Ltd. Stock Forecast
Cellebrite DI Ltd. stock price ended at $10.71 on Thursday, after losing 0%.
(Updated on Apr 25, 2024)
No changes to the price of Cellebrite DI Ltd. stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 2.49% from a day low at $10.46 to a day high of $10.72. The price has been going up and down for this period, and there has been a -1.65% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.63% during the next 3 months and, with a 90% probability hold a price between $11.32 and $14.45 at the end of this 3-month period.
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CLBT Signals & Forecast
There are few to no technical positive signals at the moment. The Cellebrite DI Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.14. On a fall, the stock will find some support from the short-term average at $10.55. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -12.86%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Cellebrite DI Ltd. stock
Cellebrite DI Ltd. finds support from accumulated volume at $10.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.260 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLBT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Cellebrite DI Ltd. to open at $10.63, and during the day (based on 14 day Average True Range), to move between $10.38 and $11.04, which gives a possible trading interval of +/-$0.328 (+/-3.06%) up or down from last closing price. If Cellebrite DI Ltd. takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.74 (0.28%) than the support at $10.47 (2.24%), 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 Cellebrite DI Ltd. stock A Buy?
The Cellebrite DI Ltd. stock holds several negative signals and despite the positive trend, we believe Cellebrite DI Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.240 Sell Candidate Unchanged
Predicted Opening Price for Cellebrite DI Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $10.63 ( 0.747%) | $10.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLBT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.89 | 1.68 % | |
| R2 | 10.79 | 0.753 % | ||
| R1 | 10.73 | 0.180 % | ||
| Current price: | 10.71 | |||
| Support | S1 | 10.53 | -1.67 % | |
| S2 | 10.47 | -2.25 % | ||
| S3 | 10.37 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.45 | 6.91 % | |
| R2 | 11.20 | 4.58 % | ||
| R1 | 10.74 | 0.280 % | ||
| Current price | 10.71 | |||
| Support | S1 | 10.47 | -2.24% | |
| S2 | 10.38 | -3.08% | ||
| S3 | 9.25 | -13.63% |
FAQ
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