Cepton, Inc. Stock Forecast

Strong day for Cepton, Inc. stock price on Tuesday rising 20.54% to $0.0135
(Updated on Jun 25, 2024)

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 $0.0124 and $0.0098. 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 -29.69%. 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 $0.0004 between high and low, or 2.96%. For the last week the stock has had daily average volatility of 8.94%.

Our recommended stop-loss: $0.0128 (-5.30%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (CPTNW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Cepton, Inc. to open at $0.0136, and during the day (based on 14 day Average True Range), to move between $0.0112 and $0.0158, which gives a possible trading interval of +/-$0.0023 (+/-17.40%) up or down from last closing price. If Cepton, Inc. takes out the full calculated possible swing range there will be an estimated 34.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0139 (2.96%) than the support at $0.0125 (7.41%), 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 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: 2.463 Buy Candidate Unchanged

Predicted Opening Price for Cepton, Inc. of Wednesday, June 26, 2024

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