Context Therapeutics Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Context Therapeutics Inc. stock price down 0% on Thursday
(Updated on May 23, 2024)
No changes to the price of Context Therapeutics Inc. stock on the last trading day (Thursday, 23rd May 2024). During the last trading day the stock fluctuated 6.95% from a day low at $1.87 to a day high of $2.00. The price has risen in 5 of the last 10 days and is up by 6.56% over the past 2 weeks.
The stock lies in the middle of a very wide and strong 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 69.29% during the next 3 months and, with a 90% probability hold a price between $2.67 and $3.48 at the end of this 3-month period.
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CNTX Signals & Forecast
The Context Therapeutics Inc. 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 $1.92 and $1.59. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -3.94%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Context Therapeutics Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.85 and $1.80. There is a 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, Context Therapeutics Inc. finds support just below today's level at $1.85. If this is broken, then the next support from accumulated volume will be at $1.80 and $1.75.
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 $0.130 between high and low, or 6.95%. For the last week, the stock has had daily average volatility of 10.12%.
Our recommended stop-loss: $1.87 (-3.98%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (CNTX) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Context Therapeutics Inc. to open at $1.94, and during the day (based on 14 day Average True Range), to move between $1.78 and $2.12, which gives a possible trading interval of +/-$0.171 (+/-8.75%) up or down from last closing price. If Context Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 17.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.99 (2.05%) than the support at $1.85 (5.13%), 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 Context Therapeutics Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Context Therapeutics Inc. stock to perform well in the short-term.
Current score: 2.670 Buy Candidate Unchanged
Predicted Opening Price for Context Therapeutics Inc. of Friday, May 24, 2024
Fair opening price May 24, 2024 | Current price |
---|---|
$1.94 ( 0.513%) | $1.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNTX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.07 | 6.15 % | |
R2 | 2.02 | 3.61 % | ||
R1 | 1.99 | 2.03 % | ||
Current price: | 1.95 | |||
Support | S1 | 1.89 | -3.06 % | |
S2 | 1.86 | -4.63 % | ||
S3 | 1.81 | -7.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.03 | 4.10 % | |
R2 | 2.00 | 2.56 % | ||
R1 | 1.99 | 2.05 % | ||
Current price | 1.95 | |||
Support | S1 | 1.85 | -5.13% | |
S2 | 1.80 | -7.69% | ||
S3 | 1.75 | -10.26% |
FAQ
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