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Weaker Hold
Today CNTMF ranks #1485 as hold candidate. Get a Free Stock at Robinhood
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Cansortium Inc. Stock Forecast OTCBB:CNTMF

$0.75 (1.44%)

Volume: 320k

Closed: Nov 26, 2021

Hollow Logo Score: 0.667

Cansortium Inc. Stock Forecast

$0.75 (1.44%)

Volume: 320k

Closed: Nov 26, 2021

Score Hollow Logo 0.667
Which way will CNTMF go? Request

CNTMF Stock Risk

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 10.00%. For the last week, the stock has had a daily average volatility of 6.67%.

Our recommended stop-loss: $0.72 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 62 and the stock is currently not being overbought or oversold

High volatility in Cansortium Inc. stock price on Friday which ended trading at $0.75
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-24 Gain 1.44%

The Cansortium Inc. stock price gained 1.44% on the last trading day (Friday, 26th Nov 2021), rising from $0.74 to $0.75. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 10.00% from a day low at $0.70 to a day high of $0.77. The price has risen in 5 of the last 10 days and is up by 7.04% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 174 thousand more shares were traded than the day before. In total, 320 thousand shares were bought and sold for approximately $239.64 thousand.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.29% during the next 3 months and, with a 90% probability hold a price between $0.65 and $0.94 at the end of this 3-month period.

Signals & Forecast

The Cansortium 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 $0.70 and $0.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, November 18, 2021, and so far it has risen 13.88%. 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). Cansortium Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $0.70 and $0.68. There is 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, Cansortium Inc. finds support just below today's level at $0.70. If this is broken, then the next support from accumulated volume will be at $0.68 and $0.60.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 10.00%. For the last week, the stock has had a daily average volatility of 6.67%.

Our recommended stop-loss: $0.72 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Is Cansortium Inc. stock A Buy?

Cansortium 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.667

Predicted Opening Price for Cansortium Inc. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$0.74 $0.75 (Overvalued)
Hold/Accumulate Downgraded

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Volatility and Risk
Daily Average Volatility: 6.67 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.67 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.80
Price: $0.75
Support: $0.70

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.81 8.00 %
0.78 4.43 %
0.77 2.23 %
Current price: 0.75
Support 0.71 -4.90 %
0.70 -7.10 %
0.67 -10.67 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.90 20.00 %
0.82 9.57 %
0.80 6.67 %
Current price 0.75
Support 0.70 -6.67%
0.68 -10.00%
0.60 -19.60%

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