COMSovereign Holding Corp. Stock Forecast
Red day on Friday for COMSovereign Holding Corp. stock after losing 0%
(Updated on Apr 26, 2024)
No changes to the price of COMSovereign Holding Corp. stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.260 to a day high of $0.260. The price has risen in 6 of the last 10 days and is up by 30% over the past 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.254, a level that may pose a second chance to hit a runner. According to fan-theory $0.593 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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COMS Signals & Forecast
The COMSovereign Holding 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 $0.246 and $0.206. 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). 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 Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 COMSovereign Holding Corp. stock
COMSovereign Holding Corp. finds support from accumulated volume at $0.250 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 10.19%
Our recommended stop-loss: $0.250 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (COMS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect COMSovereign Holding Corp. to open at $0.260, and during the day (based on 14 day Average True Range), to move between $0.218 and $0.302, which gives a possible trading interval of +/-$0.0420 (+/-16.15%) up or down from last closing price. If COMSovereign Holding Corp. takes out the full calculated possible swing range there will be an estimated 32.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.250, some $0.0100 (3.85%) from the current price of $0.260, our system finds the risk reward attractive.
Is COMSovereign Holding Corp. stock A Buy?
COMSovereign Holding 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: 0.280 Hold/Accumulate Unchanged
Predicted Opening Price for COMSovereign Holding Corp. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.260 ( 0%) | $0.260 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.260 | . | |
| R2 | 0.260 | . | ||
| R1 | 0.260 | . | ||
| Current price: | 0.260 | |||
| Support | S1 | 0.260 | . | |
| S2 | 0.260 | . | ||
| S3 | 0.260 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.260 | |||
| Support | S1 | 0.250 | -3.85% | |
| S2 | 0.228 | -12.50% | ||
| S3 | 0.200 | -23.08% |
FAQ
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