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Euro Tech Holdings Company Limited Stock Forecast NASDAQ:CLWT

$3.23 (-4.43%)

Volume: 21k

Closed: Dec 03, 2021

Hollow Logo Score: -3.262

Euro Tech Holdings Company Limited Stock Forecast

$3.23 (-4.43%)

Volume: 21k

Closed: Dec 03, 2021

Score Hollow Logo -3.262
Which way will CLWT go? Request
Key Stats
Beta 1.48
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 41 and the stock is currently not being overbought or oversold

Red day on Friday for Euro Tech Holdings Company Limited stock after losing 4.43%
(Updated on Dec 03, 2021)

Sell candidate since 2021-12-02 Loss -4.43%

The Euro Tech Holdings Company Limited stock price fell by -4.43% on the last day (Friday, 3rd Dec 2021) from $3.38 to $3.23. and has now fallen 3 days in a row. During the day the stock fluctuated 5.62% from a day low at $3.20 to a day high of $3.38. The price has fallen in 6 of the last 10 days and is down by -7.18% for this period. Volume has increased on the last day by 16 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, 21 thousand shares were bought and sold for approximately $67.92 thousand.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.18 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 2.24% during the next 3 months and, with a 90% probability hold a price between $3.25 and $3.98 at the end of this 3-month period.

Signals & Forecast

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 Euro Tech Holdings Company Limited stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.50 and $3.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -13.86%. Further fall is indicated until a new bottom pivot has been found. Euro Tech Holdings Company Limited 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Euro Tech Holdings Company Limited finds support from accumulated volume at $3.23 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 $0.18 between high and low, or 5.62%. For the last week, the stock has had a daily average volatility of 6.85%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Euro Tech Holdings Company Limited stock A Buy?

The Euro Tech Holdings Company Limited stock holds several negative signals and despite the positive trend, we believe Euro Tech Holdings Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.262

Predicted Opening Price for Euro Tech Holdings Company Limited of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$3.27 $3.23 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 6.85 %
Overall Risk: Very High High Medium Low Very Low
6.85 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $3.42
Price: $3.23
Support: $3.23

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.45 6.81 %
3.38 4.68 %
3.34 3.36 %
Current price: 3.23
Support 3.20 -0.89 %
3.16 -2.21 %
3.09 -4.34 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.75 16.09 %
3.56 10.21 %
3.42 5.88 %
Current price 3.23
Support 3.23 -0.0062%
3.16 -2.17%
3.11 -3.72%

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About Euro Tech Holdings Company Limited

Euro Tech Holdings Company Limited engages in marketing and trading water and waste water related process control, analytical and testing instruments, disinfection equipment, supplies, and related automation systems in Hong Kong and the People’s Republic of China. The company operates in two segments, Trading and Manufacturing, and Engineering. It offers analytical instruments, such as chromatographs, mass spectrometers, flow injector analyzers,... Read more

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