Cosmos Holdings, Inc. Stock Forecast
Cosmos Holdings, Inc. stock price down 1.52% on Wednesday
(Updated on May 08, 2024)
The Cosmos Holdings, Inc. stock price fell by -1.52% on the last day (Wednesday, 8th May 2024) from $0.670 to $0.660. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.81% from a day low at $0.652 to a day high of $0.670. The price has been going up and down for this period, and there has been a 29.37% gain for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 43 thousand shares were bought and sold for approximately $28.10 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.685 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.47% during the next 3 months and, with a 90% probability hold a price between $0.336 and $0.524 at the end of this 3-month period. 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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COSM Signals & Forecast
The Cosmos Holdings, Inc. 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 $0.673. On a fall, the stock will find some support from the long-term average at approximately $0.652. 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. 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 Monday, April 29, 2024, and so far it has fallen -6.93%. Further fall is indicated until a new bottom pivot has been found. Cosmos Holdings, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cosmos Holdings, Inc. stock
Cosmos Holdings, Inc. finds support from accumulated volume at $0.650 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 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 $0.0183 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 5.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COSM) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Cosmos Holdings, Inc. to open at $0.661, and during the day (based on 14 day Average True Range), to move between $0.607 and $0.712, which gives a possible trading interval of +/-$0.0526 (+/-7.97%) up or down from last closing price. If Cosmos Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 15.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.650 (1.49%) than the resistance at $0.676 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cosmos Holdings, Inc. stock A Buy?
Cosmos Holdings, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.194 Sell Candidate Unchanged
Predicted Opening Price for Cosmos Holdings, Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.661 ( 0.106%) | $0.660 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COSM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.679 | 2.88 % | |
| R2 | 0.672 | 1.82 % | ||
| R1 | 0.667 | 1.17 % | ||
| Current price: | 0.660 | |||
| Support | S1 | 0.654 | -0.95 % | |
| S2 | 0.649 | -1.61 % | ||
| S3 | 0.642 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.770 | 16.70 % | |
| R2 | 0.740 | 12.17 % | ||
| R1 | 0.676 | 2.46 % | ||
| Current price | 0.660 | |||
| Support | S1 | 0.650 | -1.49% | |
| S2 | 0.633 | -4.06% | ||
| S3 | 0.621 | -5.88% |
FAQ
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