CRITICAL ELEMENTS CO Stock Forecast
Red day on Friday for CRITICAL ELEMENTS CO
(Updated on May 03, 2024)
The CRITICAL ELEMENTS CO stock price fell by -1.40% on the last day (Friday, 3rd May 2024) from $0.711 to $0.701. During the last trading day the stock fluctuated 0% from a day low at $0.701 to a day high of $0.701. The price has risen in 7 of the last 10 days and is up by 41.25% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 1 thousand shares were bought and sold for approximately $701.46 .
The stock lies in the upper part of a very wide and strong rising 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 $0.750 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.71% during the next 3 months and, with a 90% probability hold a price between $0.563 and $0.85 at the end of this 3-month period.
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CRECF Signals & Forecast
The CRITICAL ELEMENTS CO 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 $0.676 and $0.525. 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 Monday, April 29, 2024, and so far it has fallen -5.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CRITICAL ELEMENTS CO stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.654 and $0.559. 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, CRITICAL ELEMENTS CO finds support just below today's level at $0.654. If this is broken, then the next support from accumulated volume will be at $0.559 and $0.557.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 6.75%.
Our recommended stop-loss: $0.664 (-5.41%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (CRECF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect CRITICAL ELEMENTS CO to open at $0.701, and during the day (based on 14 day Average True Range), to move between $0.667 and $0.736, which gives a possible trading interval of +/-$0.0344 (+/-4.90%) up or down from last closing price. If CRITICAL ELEMENTS CO takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.711 (1.42%) than the support at $0.654 (6.81%), 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 CRITICAL ELEMENTS CO 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 CRITICAL ELEMENTS CO stock to perform well in the short-term.
Current score: 2.592 Buy Candidate Unchanged
Predicted Opening Price for CRITICAL ELEMENTS CO of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.701 ( 0%) | $0.701 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRECF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.701 | . | |
| R2 | 0.701 | . | ||
| R1 | 0.701 | . | ||
| Current price: | 0.701 | |||
| Support | S1 | 0.701 | . | |
| S2 | 0.701 | . | ||
| S3 | 0.701 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.744 | 6.12 % | ||
| R1 | 0.711 | 1.42 % | ||
| Current price | 0.701 | |||
| Support | S1 | 0.654 | -6.81% | |
| S2 | 0.559 | -20.29% | ||
| S3 | 0.557 | -20.67% |
FAQ
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