China Recycling Energy Corporation Stock Forecast

CREG Signals & Forecast

The China Recycling Energy Corporation 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 $1.14 and $1.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, October 26, 2023, and so far it has risen 16.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). China Recycling Energy Corporation 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.

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Support, Risk & Stop-loss for China Recycling Energy Corporation stock

China Recycling Energy Corporation finds support from accumulated volume at $1.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.110 between high and low, or 9.65%. For the last week, the stock has had daily average volatility of 6.31%.

Our recommended stop-loss: $1.12 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (CREG) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect China Recycling Energy Corporation to open at $1.18, and during the day (based on 14 day Average True Range), to move between $1.07 and $1.25, which gives a possible trading interval of +/-$0.0909 (+/-7.83%) up or down from last closing price. If China Recycling Energy Corporation takes out the full calculated possible swing range there will be an estimated 15.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.17 (0.86%) than the support at $1.12 (3.45%), 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 China Recycling Energy Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.082 Open Broker Account

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