Cosmos Holdings, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Cosmos Holdings, Inc. stock price on Friday which ended trading at $0.692
(Updated on May 17, 2024)
The Cosmos Holdings, Inc. stock price fell by -1.14% on the last day (Friday, 17th May 2024) from $0.700 to $0.692. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 16.61% from a day low at $0.660 to a day high of $0.770. The price has fallen in 6 of the last 10 days but is still up by 1.76% over the past 2 weeks. Volume has increased on the last day by 26 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, 78 thousand shares were bought and sold for approximately $53.68 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 $0.742 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 -16.23% during the next 3 months and, with a 90% probability hold a price between $0.366 and $0.622 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 $0.707. On a fall, the stock will find some support from the long-term average at approximately $0.659. 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 Tuesday, May 14, 2024, and so far it has fallen -7.61%. 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 $0.676 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 $0.110 between high and low, or 16.61%. For the last week, the stock has had daily average volatility of 10.01%.
Our recommended stop-loss: $0.657 (-5.08%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (COSM) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Cosmos Holdings, Inc. to open at $0.707, and during the day (based on 14 day Average True Range), to move between $0.634 and $0.750, which gives a possible trading interval of +/-$0.0583 (+/-8.42%) up or down from last closing price. If Cosmos Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 16.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.701 (1.24%) than the support at $0.676 (2.31%), 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 Cosmos Holdings, Inc. stock A Buy?
Cosmos Holdings, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.974 Hold/Accumulate Upgraded
Predicted Opening Price for Cosmos Holdings, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.707 ( 2.23%) | $0.692 |
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 | 0.82 | 18.08 % | |
| R2 | 0.775 | 12.03 % | ||
| R1 | 0.749 | 8.29 % | ||
| Current price: | 0.692 | |||
| Support | S1 | 0.666 | -3.83 % | |
| S2 | 0.640 | -7.57 % | ||
| S3 | 0.598 | -13.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.770 | 11.27 % | |
| R2 | 0.740 | 6.95 % | ||
| R1 | 0.701 | 1.24 % | ||
| Current price | 0.692 | |||
| Support | S1 | 0.676 | -2.31% | |
| S2 | 0.650 | -6.07% | ||
| S3 | 0.621 | -10.26% |
FAQ
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