Clipper Realty Inc Stock Forecast

Red day on Thursday for Clipper Realty Inc stock after losing 0.238%
(Updated on May 02, 2024)

CLPR Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 13.82%. 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. The Clipper Realty Inc 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 $4.41. On a fall, the stock will find some support from the short-term average at $4.12. 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. Clipper Realty Inc 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 Clipper Realty Inc stock

Clipper Realty Inc finds support from accumulated volume at $4.19 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 $0.110 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 4.75%.

Our recommended stop-loss: $4.07 (-3.08%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (CLPR) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Clipper Realty Inc to open at $4.22, and during the day (based on 14 day Average True Range), to move between $3.98 and $4.42, which gives a possible trading interval of +/-$0.220 (+/-5.25%) up or down from last closing price. If Clipper Realty Inc takes out the full calculated possible swing range there will be an estimated 10.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.19 (0.24%) than the resistance at $4.66 (10.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Clipper Realty Inc stock A Buy?

Clipper Realty 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: 0.189 Hold/Accumulate Unchanged

Predicted Opening Price for Clipper Realty Inc of Friday, May 3, 2024

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