Carbon Fund Stock Forecast

Red day on Friday for Carbon Fund stock after losing 0%
(Updated on Jun 14, 2024)

CO2.NZ Signals & Forecast

The Carbon Fund stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.49. On a fall, the stock will find some support from the long-term average at approximately $1.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 11.45%. 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.

Support, Risk & Stop-loss for Carbon Fund stock

Carbon Fund finds support from accumulated volume at $1.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0200 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 2.32%.

Our recommended stop-loss: $1.38 (-5.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (CO2.NZ) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Carbon Fund to open at $1.47, and during the day (based on 14 day Average True Range), to move between $1.42 and $1.50, which gives a possible trading interval of +/-$0.0361 (+/-2.47%) up or down from last closing price. If Carbon Fund takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.44 (1.37%) than the resistance at $1.55 (6.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Carbon Fund stock A Buy?

Carbon Fund 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: -0.191 Hold/Accumulate Unchanged

Predicted Opening Price for Carbon Fund of Monday, June 17, 2024

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