Comera Life Sciences Holdings, Inc. Stock Forecast
Volatile ride for Comera Life Sciences Holdings, Inc. stock price on Thursday moving between $0.0215 and $0.0400
(Updated on Apr 25, 2024)
The Comera Life Sciences Holdings, Inc. stock price fell by -11.95% on the last day (Thursday, 25th Apr 2024) from $0.0410 to $0.0361. During the last trading day the stock fluctuated 86.05% from a day low at $0.0215 to a day high of $0.0400. The price has been going up and down for this period, and there has been a -2.43% loss for the last 2 weeks. Volume has increased on the last day by 135 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, 135 thousand shares were bought and sold for approximately $4.86 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.31% during the next 3 months and, with a 90% probability hold a price between $0.0276 and $0.0540 at the end of this 3-month period.
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CMRA 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 Comera Life Sciences Holdings, 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 $0.0403 and $0.0418. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -39.33%. Further fall is indicated until a new bottom pivot has been found. Comera Life Sciences Holdings, 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should fall by -28.81% to $0.0257 within 24 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Comera Life Sciences Holdings, Inc. stock
Comera Life Sciences Holdings, Inc. finds support from accumulated volume at $0.0360 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 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 $0.0185 between high and low, or 86.05%. For the last week, the stock has had daily average volatility of 17.21%.
Our recommended stop-loss: $0.0343 (-5.08%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (CMRA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Comera Life Sciences Holdings, Inc. to open at $0.0325, and during the day (based on 14 day Average True Range), to move between $0.0304 and $0.0418, which gives a possible trading interval of +/-$0.0057 (+/-15.89%) up or down from last closing price. If Comera Life Sciences Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 31.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0360 (0.28%) than the resistance at $0.0370 (2.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Comera Life Sciences Holdings, Inc. stock A Buy?
Comera Life Sciences Holdings, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Comera Life Sciences Holdings, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0325 ( 9.88%) | $0.0361 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0510 | 41.37 % | |
| R2 | 0.0440 | 21.79 % | ||
| R1 | 0.0396 | 9.70 % | ||
| Current price: | 0.0361 | |||
| Support | S1 | 0.0255 | -29.46 % | |
| S2 | 0.0211 | -41.55 % | ||
| S3 | 0.0140 | -61.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0400 | 10.80 % | |
| R2 | 0.0384 | 6.37 % | ||
| R1 | 0.0370 | 2.49 % | ||
| Current price | 0.0361 | |||
| Support | S1 | 0.0360 | -0.277% | |
| S2 | 0.0350 | -3.05% | ||
| S3 | 0.0340 | -5.82% |
FAQ
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