Comera Life Sciences Holdings, Inc. Stock Forecast
Comera Life Sciences Holdings, Inc. stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
No changes to the price of Comera Life Sciences Holdings, Inc. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0300 to a day high of $0.0300. The price has been going up and down for this period, and there has been a -26.83% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0297 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.81% during the next 3 months and, with a 90% probability hold a price between $0.0283 and $0.0560 at the end of this 3-month period.
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CMRA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 $0.0349 and $0.0391. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Comera Life Sciences Holdings, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 3.24%
Comera Life Sciences Holdings, Inc. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMRA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Comera Life Sciences Holdings, Inc. to open at $0.0300, and during the day (based on 14 day Average True Range), to move between $0.0255 and $0.0345, which gives a possible trading interval of +/-$0.0045 (+/-15.04%) 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 30.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0340, some $0.0040 (13.33%) from the current price of $0.0300, our system finds the risk reward not very attractive.
Is Comera Life Sciences Holdings, Inc. stock A Buy?
Comera Life Sciences Holdings, 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: -2.695 Sell Candidate Upgraded
Predicted Opening Price for Comera Life Sciences Holdings, Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$0.0300 ( 0%) | $0.0300 |
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 | 0.0300 | . | |
R2 | 0.0300 | . | ||
R1 | 0.0300 | . | ||
Current price: | 0.0300 | |||
Support | S1 | 0.0300 | . | |
S2 | 0.0300 | . | ||
S3 | 0.0300 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0361 | 20.33 % | |
R2 | 0.0350 | 16.70 % | ||
R1 | 0.0340 | 13.33 % | ||
Current price | 0.0300 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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