Cepton, Inc. Stock Forecast
High volatility in Cepton, Inc. stock price on Monday which ended trading at $0.0141
(Updated on Jun 17, 2024)
The Cepton, Inc. stock price gained 25.89% on the last trading day (Monday, 17th Jun 2024), rising from $0.0112 to $0.0141. During the last trading day the stock fluctuated 25.89% from a day low at $0.0112 to a day high of $0.0141. The price has been going up and down for this period, and there has been a 63.95% gain for the last 2 weeks. Volume fell on the last day by -62 thousand shares and in total, 48 thousand shares were bought and sold for approximately $672.63 . 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.
The stock lies in the middle of a very wide and weak 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 8.87% during the next 3 months and, with a 90% probability hold a price between $0.0057 and $0.0210 at the end of this 3-month period.
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CPTNW Signals & Forecast
The Cepton, Inc. 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 $0.0117 and $0.0092. A breakdown below any of these levels will issue sell signals. 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 Wednesday, June 12, 2024, and so far it has fallen -26.56%. Further fall is indicated until a new bottom pivot has been found. 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 Cepton, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0125 and $0.0120. 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, Cepton, Inc. finds support just below today's level at $0.0125. If this is broken, then the next support from accumulated volume will be at $0.0120 and $0.0112.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0029 between high and low, or 25.89%. For the last week the stock has had daily average volatility of 31.81%.
Our recommended stop-loss: $0.0133 (-5.32%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (CPTNW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Cepton, Inc. to open at $0.0131, and during the day (based on 14 day Average True Range), to move between $0.0115 and $0.0167, which gives a possible trading interval of +/-$0.0026 (+/-18.35%) up or down from last closing price. If Cepton, Inc. takes out the full calculated possible swing range there will be an estimated 36.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0125, some $0.0016 (11.35%) from the current price of $0.0141, our system finds the risk reward attractive.
Is Cepton, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cepton, Inc. stock to perform well in the short-term.
Current score: 2.503 Buy Candidate Unchanged
Predicted Opening Price for Cepton, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0131 ( 6.86%) | $0.0141 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPTNW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0160 | 13.71% |
| R2 | 0.0149 | 5.85% |
| R1 | 0.0142 | 1.00% |
| Price | 0.0141 | |
| S1 | 0.0120 | -14.71% |
| S2 | 0.0113 | -19.57% |
| S3 | 0.0102 | -27.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0141 | |
| S1 | 0.0125 | -11.35% |
| S2 | 0.0120 | -14.89% |
| S3 | 0.0112 | -20.57% |
FAQ
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