COMSovereign Holding Corp. Stock Forecast
Volatile ride for COMSovereign Holding Corp. stock price on Thursday moving between $0.210 and $0.260
(Updated on Apr 18, 2024)
The COMSovereign Holding Corp. stock price gained 29.69% on the last trading day (Thursday, 18th Apr 2024), rising from $0.200 to $0.260. During the last trading day the stock fluctuated 23.57% from a day low at $0.210 to a day high of $0.260. The price has risen in 5 of the last 10 days and is up by 61.99% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 715 shares were bought and sold for approximately $185.54 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.215 and $0.200. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 27, 2024, and so far it has risen 73.00%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0495 between high and low, or 23.57%. For the last week the stock has had daily average volatility of 18.60%.
Our recommended stop-loss: $0.251 (-3.24%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (COMS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect COMSovereign Holding Corp. to open at $0.243, and during the day (based on 14 day Average True Range), to move between $0.214 and $0.305, which gives a possible trading interval of +/-$0.0452 (+/-17.42%) up or down from last closing price. If COMSovereign Holding Corp. takes out the full calculated possible swing range there will be an estimated 34.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.250, some $0.0095 (3.66%) from the current price of $0.260, our system finds the risk reward attractive.
Is COMSovereign Holding Corp. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.500 Buy Candidate Upgraded
Predicted Opening Price for COMSovereign Holding Corp. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.243 ( 6.36%) | $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 | 0.293 | 12.72 % | |
| R2 | 0.274 | 5.43 % | ||
| R1 | 0.262 | 0.93 % | ||
| Current price: | 0.260 | |||
| Support | S1 | 0.224 | -13.65 % | |
| S2 | 0.212 | -18.15 % | ||
| S3 | 0.194 | -25.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.260 | |||
| Support | S1 | 0.250 | -3.66% | |
| S2 | 0.228 | -12.33% | ||
| S3 | 0.200 | -22.93% |
FAQ
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