Green day on Friday for CPS Technologies Corp.
(Updated on Dec 08, 2023)
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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.78% during the next 3 months and, with a 90% probability hold a price between $1.80 and $1.98 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.
CPSH Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, November 28, 2023, and so far it has risen 3.93%. 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). CPS Technologies Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CPS Technologies Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.43. On a fall, the stock will find some support from the short-term average at $2.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
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Support, Risk & Stop-loss for CPS Technologies Corp. stock
CPS Technologies Corp. finds support from accumulated volume at $2.37 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 3.91%. For the last week the stock has had daily average volatility of 4.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPSH) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect CPS Technologies Corp. to open at $2.36, and during the day (based on 14 day Average True Range), to move between $2.28 and $2.48, which gives a possible trading interval of +/-$0.102 (+/-4.29%) up or down from last closing price. If CPS Technologies Corp. takes out the full calculated possible swing range there will be an estimated 8.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.37 (0.42%) than the resistance at $2.57 (7.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CPS Technologies Corp. stock A Buy?
CPS Technologies Corp. 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: -1.715 Open Broker AccountSell Candidate Unchanged
Predicted Opening Price for CPS Technologies Corp. of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 11, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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