Clearday, Inc. Stock Forecast
Clearday, Inc. stock price ended at $0.662 on Thursday, after gaining 1.84%.
(Updated on May 16, 2024)
The Clearday, Inc. stock price gained 1.84% on the last trading day (Thursday, 16th May 2024), rising from $0.650 to $0.662. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at $0.662 to a day high of $0.662. The price has risen in 7 of the last 10 days and is up by 10.32% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 122 shares were bought and sold for approximately $80.76 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 91.27% during the next 3 months and, with a 90% probability hold a price between $0.91 and $1.40 at the end of this 3-month period.
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CLRD Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -4.07%. 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 the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Clearday, Inc. 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 $0.632 and $0.541. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Clearday, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.620 and $0.550. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Clearday, Inc. finds support just below today's level at $0.620. If this is broken, then the next support from accumulated volume will be at $0.550 and $0.500.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "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 9.52%.
Our recommended stop-loss: $0.633 (-4.30%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (CLRD) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Clearday, Inc. to open at $0.662, and during the day (based on 14 day Average True Range), to move between $0.600 and $0.724, which gives a possible trading interval of +/-$0.0624 (+/-9.43%) up or down from last closing price. If Clearday, Inc. takes out the full calculated possible swing range there will be an estimated 18.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.675 (1.97%) than the support at $0.620 (6.33%), 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 Clearday, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Clearday, Inc. stock to perform well in the short-term.
Current score: 2.461 Buy Candidate Unchanged
Predicted Opening Price for Clearday, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.662 ( 0%) | $0.662 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLRD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.662 | . | |
| R2 | 0.662 | . | ||
| R1 | 0.662 | . | ||
| Current price: | 0.662 | |||
| Support | S1 | 0.662 | . | |
| S2 | 0.662 | . | ||
| S3 | 0.662 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.690 | 4.24 % | ||
| R1 | 0.675 | 1.97 % | ||
| Current price | 0.662 | |||
| Support | S1 | 0.620 | -6.33% | |
| S2 | 0.550 | -16.91% | ||
| S3 | 0.500 | -24.46% |
FAQ
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