Company-Diagnostics Inc Stock Forecast
Red day on Friday for Company-Diagnostics Inc stock after losing 0.86%
(Updated on Apr 19, 2024)
The Company-Diagnostics Inc stock price fell by -0.86% on the last day (Friday, 19th Apr 2024) from $1.16 to $1.15. During the last trading day the stock fluctuated 2.63% from a day low at $1.14 to a day high of $1.17. The price has fallen in 6 of the last 10 days and is down by -5.74% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -198 thousand shares and in total, 18 thousand shares were bought and sold for approximately $21.16 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.69% during the next 3 months and, with a 90% probability hold a price between $0.97 and $1.19 at the end of this 3-month period.
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CODX Signals & Forecast
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. The Company-Diagnostics Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.18 and $1.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -9.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Company-Diagnostics Inc stock
Company-Diagnostics Inc finds support from accumulated volume at $1.14 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 $0.0300 between high and low, or 2.63%. For the last week the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CODX) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Company-Diagnostics Inc to open at $1.15, and during the day (based on 14 day Average True Range), to move between $1.09 and $1.21, which gives a possible trading interval of +/-$0.0624 (+/-5.43%) up or down from last closing price. If Company-Diagnostics Inc takes out the full calculated possible swing range there will be an estimated 10.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.16 (0.87%) than the support at $1.14 (0.87%), 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 Company-Diagnostics Inc stock A Buy?
Company-Diagnostics Inc holds several negative signals and is within a 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.
Current score: -2.636 Sell Candidate Unchanged
Predicted Opening Price for Company-Diagnostics Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.15 ( 0.290%) | $1.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CODX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.18 | 2.90 % | |
| R2 | 1.17 | 1.90 % | ||
| R1 | 1.16 | 1.29 % | ||
| Current price: | 1.15 | |||
| Support | S1 | 1.14 | -0.707 % | |
| S2 | 1.13 | -1.32 % | ||
| S3 | 1.12 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.20 | 4.35 % | |
| R2 | 1.17 | 1.74 % | ||
| R1 | 1.16 | 0.87 % | ||
| Current price | 1.15 | |||
| Support | S1 | 1.14 | -0.87% | |
| S2 | 1.13 | -1.74% | ||
| S3 | 1.12 | -2.61% |
FAQ
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