Cell MedX Corp. Stock Forecast

Cell MedX Corp. stock price ended at $0.0430 on Friday, after losing 0%.
(Updated on Jun 21, 2024)

CMXC Signals & Forecast

The Cell MedX Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0430 and $0.0362. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has fallen 0%. 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. 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, April 04, 2024 with a target of $0.0260. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Cell MedX Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0370 and $0.0350. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0350 may give a huge drop in the stock price.

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 0%

Our recommended stop-loss: $0.0404 (-6.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (CMXC) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Cell MedX Corp. to open at $0.0430, and during the day (based on 14 day Average True Range), to move between $0.0389 and $0.0471, which gives a possible trading interval of +/-$0.0041 (+/-9.46%) up or down from last closing price. If Cell MedX Corp. takes out the full calculated possible swing range there will be an estimated 18.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0440 (2.33%) than the support at $0.0370 (13.95%), 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 Cell MedX Corp. stock A Buy?

Cell MedX Corp. 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Cell MedX Corp. of Monday, June 24, 2024

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