Creative Realities, Inc Stock Forecast
Creative Realities, Inc stock downgraded to Hold/Accumulate
(Updated on May 10, 2024)
The Creative Realities, Inc stock price fell by -3.21% on the last day (Friday, 10th May 2024) from $4.05 to $3.92. During the last trading day the stock fluctuated 9.02% from a day low at $3.77 to a day high of $4.11. The price has fallen in 6 of the last 10 days but is still up by 12.32% over the past 2 weeks. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 110 thousand shares were bought and sold for approximately $430.06 thousand.
The stock lies the upper part of a very wide and falling 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 $4.04 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.18% during the next 3 months and, with a 90% probability hold a price between $2.67 and $3.67 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.
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CREX Signals & Forecast
The Creative Realities, 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 $3.70 and $3.49. 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 Thursday, May 09, 2024, and so far it has fallen -3.21%. Further fall is indicated until a new bottom pivot has been found. Creative Realities, Inc 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".
Support, Risk & Stop-loss for Creative Realities, Inc stock
Creative Realities, Inc finds support from accumulated volume at $3.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.340 between high and low, or 9.02%. For the last week, the stock has had daily average volatility of 9.26%.
Our recommended stop-loss: $3.77 (-3.82%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CREX) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Creative Realities, Inc to open at $3.93, and during the day (based on 14 day Average True Range), to move between $3.63 and $4.21, which gives a possible trading interval of +/-$0.292 (+/-7.46%) up or down from last closing price. If Creative Realities, Inc takes out the full calculated possible swing range there will be an estimated 14.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.90 (0.51%) than the resistance at $4.02 (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Creative Realities, Inc stock A Buy?
Creative Realities, Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.633 Hold/Accumulate Downgraded
Predicted Opening Price for Creative Realities, Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $3.93 ( 0.340%) | $3.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CREX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.27 | 9.01 % | |
| R2 | 4.14 | 5.70 % | ||
| R1 | 4.06 | 3.65 % | ||
| Current price: | 3.92 | |||
| Support | S1 | 3.80 | -2.97 % | |
| S2 | 3.72 | -5.02 % | ||
| S3 | 3.59 | -8.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.28 | 9.18 % | |
| R2 | 4.10 | 4.59 % | ||
| R1 | 4.02 | 2.55 % | ||
| Current price | 3.92 | |||
| Support | S1 | 3.90 | -0.510% | |
| S2 | 3.40 | -13.27% | ||
| S3 | 3.16 | -19.39% |
FAQ
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