Critical Metals Corp. Warrants Stock Forecast
Evaluation of Critical Metals Corp. Warrants stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Critical Metals Corp. Warrants stock price fell by -0.619% on the last day (Friday, 28th Jun 2024) from $0.307 to $0.305. During the last trading day the stock fluctuated 4.92% from a day low at $0.305 to a day high of $0.320. The price has risen in 7 of the last 10 days and is up by 52.5% over the past 2 weeks. Volume has increased on the last day by 40 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, 46 thousand shares were bought and sold for approximately $14.14 thousand.
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 $0.309 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 40.30% during the next 3 months and, with a 90% probability hold a price between $0.221 and $0.433 at the end of this 3-month period.
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CRMLW Signals & Forecast
The Critical Metals Corp. Warrants 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 $0.272 and $0.194. 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, June 27, 2024, and so far it has fallen -0.619%. Further fall is indicated until a new bottom pivot has been found. Critical Metals Corp. Warrants 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.
Support, Risk & Stop-loss for Critical Metals Corp. Warrants stock
Critical Metals Corp. Warrants finds support from accumulated volume at $0.295 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0150 between high and low, or 4.92%. For the last week, the stock has had daily average volatility of 14.59%.
Our recommended stop-loss: $0.297 (-2.67%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (CRMLW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Critical Metals Corp. Warrants to open at $0.310, and during the day (based on 14 day Average True Range), to move between $0.259 and $0.351, which gives a possible trading interval of +/-$0.0463 (+/-15.18%) up or down from last closing price. If Critical Metals Corp. Warrants takes out the full calculated possible swing range there will be an estimated 30.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.307 (0.62%) than the support at $0.295 (3.28%), 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 Metals Corp. Warrants 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 Metals Corp. Warrants stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.456 Buy Candidate Downgraded
Predicted Opening Price for Critical Metals Corp. Warrants of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.310 ( 1.64%) | $0.305 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRMLW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.325 | 6.56% |
| R2 | 0.319 | 4.68% |
| R1 | 0.316 | 3.52% |
| Price | 0.305 | |
| S1 | 0.304 | -0.239% |
| S2 | 0.301 | -1.40% |
| S3 | 0.295 | -3.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.307 | 0.623% |
| Price | 0.305 | |
| S1 | 0.295 | -3.28% |
| S2 | 0.290 | -4.92% |
| S3 | 0.260 | -14.75% |
FAQ
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