Clover Leaf Capital Corp. Stock Forecast

Clover Leaf Capital Corp. stock price up 0.0417% on Friday
(Updated on Jun 21, 2024)

CLOER Signals & Forecast

The Clover Leaf Capital Corp. 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 $0.197 and $0.155. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 71.60%. Further rise is indicated until a new top pivot has been found. Clover Leaf Capital Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Clover Leaf Capital Corp. stock

Clover Leaf Capital Corp. finds support from accumulated volume at $0.240 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 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 15.47%.

Our recommended stop-loss: $0.231 (-3.66%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (CLOER) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Clover Leaf Capital Corp. to open at $0.240, and during the day (based on 14 day Average True Range), to move between $0.215 and $0.264, which gives a possible trading interval of +/-$0.0246 (+/-10.24%) up or down from last closing price. If Clover Leaf Capital Corp. takes out the full calculated possible swing range there will be an estimated 20.48% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.240, some $0.0001 (0.04%) from the current price of $0.240, our system finds the risk reward attractive.

Is Clover Leaf Capital Corp. stock A Buy?

Clover Leaf Capital Corp. 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 Clover Leaf Capital Corp. of Monday, June 24, 2024

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