Composecure, Inc. Stock Forecast
Stronger technical forecast for Composecure, Inc. stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Composecure, Inc. stock price gained 3.75% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.328 to $0.340. During the last trading day the stock fluctuated 0% from a day low at $0.340 to a day high of $0.340. The price has risen in 4 of the last 10 days but is still down by -2.58% for this period. Volume fell on the last day by -87 shares and in total, 100 shares were bought and sold for approximately $34.00 . 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.355 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -50.57% during the next 3 months and, with a 90% probability hold a price between $0.0872 and $0.175 at the end of this 3-month period. 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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CMPOW Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 13.33%. 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 Composecure, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.343 and $0.382. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Composecure, Inc. stock
Composecure, Inc. finds support from accumulated volume at $0.330 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 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 3.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMPOW) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Composecure, Inc. to open at $0.340, and during the day (based on 14 day Average True Range), to move between $0.293 and $0.387, which gives a possible trading interval of +/-$0.0467 (+/-13.74%) up or down from last closing price. If Composecure, Inc. takes out the full calculated possible swing range there will be an estimated 27.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.330 (2.94%) than the resistance at $0.350 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Composecure, Inc. stock A Buy?
Composecure, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.557 Sell Candidate Upgraded
Predicted Opening Price for Composecure, Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.340 ( 0%) | $0.340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMPOW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.340 | - |
| R2 | 0.340 | - |
| R1 | 0.340 | - |
| Price | 0.340 | |
| S1 | 0.340 | - |
| S2 | 0.340 | - |
| S3 | 0.340 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.385 | 13.24% |
| R2 | 0.370 | 8.82% |
| R1 | 0.350 | 3.00% |
| Price | 0.340 | |
| S1 | 0.330 | -2.94% |
| S2 | 0.315 | -7.35% |
| S3 | 0.300 | -11.76% |
FAQ
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