Caremax, Inc. Stock Forecast
Stronger technical forecast for Caremax, Inc. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
No changes to the price of Caremax, Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0100 to a day high of $0.0100. The price has been going up and down for this period, and there has been a 40.85% gain for the last 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0097, a level that may pose a second chance to hit a runner. According to fan-theory $0.0211 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CMAXW Signals & Forecast
The Caremax, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0080 and $0.0100. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Caremax, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0094 and $0.0093. 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, Caremax, Inc. finds support just below today's level at $0.0094. If this is broken, then the next support from accumulated volume will be at $0.0093 and $0.0085.
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 5.84%.
Our recommended stop-loss: $0.0096 (-3.70%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CMAXW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Caremax, Inc. to open at $0.0100, and during the day (based on 14 day Average True Range), to move between $0.0079 and $0.0121, which gives a possible trading interval of +/-$0.0021 (+/-21.30%) up or down from last closing price. If Caremax, Inc. takes out the full calculated possible swing range there will be an estimated 42.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0105 (5.00%) than the support at $0.0094 (6.00%), 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 Caremax, Inc. stock A Buy?
Caremax, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Caremax, Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.0100 ( 0%) | $0.0100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMAXW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0100 | - |
R2 | 0.0100 | - |
R1 | 0.0100 | - |
Price | 0.0100 | |
S1 | 0.0100 | - |
S2 | 0.0100 | - |
S3 | 0.0100 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.0105 | 5.00% |
Price | 0.0100 | |
S1 | 0.0094 | -6.00% |
S2 | 0.0093 | -7.00% |
S3 | 0.0085 | -15.00% |
FAQ
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