Core Scientific, Inc. Tranche 2 Warrants Stock Forecast

$9.95
+0.480 (+5.07%)
At Close: Jul 02, 2024
RSI low/high Values: [ 15 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CORZZ
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Big movements in Core Scientific, Inc. Tranche 2 Warrants stock price on Tuesday moving 11.22% between high and low
(Updated on Jul 02, 2024)

Buy or Hold candidate since May 08, 2024 Gain 373.81% PDF

The Core Scientific, Inc. Tranche 2 Warrants stock price gained 5.07% on the last trading day (Tuesday, 2nd Jul 2024), rising from $9.47 to $9.95. During the last trading day the stock fluctuated 11.22% from a day low at $9.17 to a day high of $10.20. The price has been going up and down for this period, and there has been a 10.56% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 817 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $14.35 million.

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 328.37% during the next 3 months and, with a 90% probability hold a price between $34.79 and $47.75 at the end of this 3-month period.

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CORZZ Signals & Forecast

The Core Scientific, Inc. Tranche 2 Warrants 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 $8.90 and $5.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 708.94%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Core Scientific, Inc. Tranche 2 Warrants stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.00 and $8.80. 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, Core Scientific, Inc. Tranche 2 Warrants finds support just below today's level at $9.00. If this is broken, then the next support from accumulated volume will be at $8.80 and $8.29.

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 $1.03 between high and low, or 11.22%. For the last week, the stock has had daily average volatility of 11.26%.

Our recommended stop-loss: $9.58 (-3.70%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 97 days ago.)

Trading Expectations (CORZZ) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Core Scientific, Inc. Tranche 2 Warrants to open at $9.77, and during the day (based on 14 day Average True Range), to move between $9.06 and $10.84, which gives a possible trading interval of +/-$0.89 (+/-8.93%) up or down from last closing price. If Core Scientific, Inc. Tranche 2 Warrants takes out the full calculated possible swing range there will be an estimated 17.86% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $9.00, some $0.95 (9.55%) from the current price of $9.95, our system finds the risk reward attractive.

Is Core Scientific, Inc. Tranche 2 Warrants stock A Buy?

Core Scientific, Inc. Tranche 2 Warrants holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.890 Strong Buy Candidate Upgraded

Predicted Opening Price for Core Scientific, Inc. Tranche 2 Warrants of Wednesday, July 3, 2024

Fair opening price July 3, 2024 Current price
$9.77 ( 1.77%) $9.95

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

Trading levels for CORZZ

Fibonacci Support & Resistance Levels

Level Price
R3 10.80 8.57%
R2 10.41 4.62%
R1 10.17 2.18%
Price 9.95
S1 9.38 -5.72%
S2 9.14 -8.16%
S3 8.75 -12.11%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 9.95
S1 9.00 -9.55%
S2 8.80 -11.56%
S3 8.29 -16.68%

FAQ

What is the symbol for Core Scientific, Inc. Tranche 2 Warrants Stock and on which exchange is it traded?
The symbol for Core Scientific, Inc. Tranche 2 Warrants is CORZZ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Core Scientific, Inc. Tranche 2 Warrants Stock?
Core Scientific, Inc. Tranche 2 Warrants holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Core Scientific, Inc. Tranche 2 Warrants Stock?
Core Scientific, Inc. Tranche 2 Warrants Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Core Scientific, Inc. Tranche 2 Warrants Stock.

What's the current price of Core Scientific, Inc. Tranche 2 Warrants Stock?
As of the end of day on the Jul 02, 2024, the price of an Core Scientific, Inc. Tranche 2 Warrants (CORZZ) share was $9.95.

What is the 52-week high and low for Core Scientific, Inc. Tranche 2 Warrants Stock?
The 52-week high for Core Scientific, Inc. Tranche 2 Warrants Stock is $10.20 and the 52-week low is $1.15.

What is the market capitalization of Core Scientific, Inc. Tranche 2 Warrants Stock?
As of the Jul 02, 2024, the market capitalization of Core Scientific, Inc. Tranche 2 Warrants is 2.469B.
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