Ceres Global Ag Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Ceres Global Ag Corp. stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Ceres Global Ag Corp. stock price gained 0.362% on the last trading day (Tuesday, 2nd Jul 2024), rising from $2.76 to $2.77. During the last trading day the stock fluctuated 2.56% from a day low at $2.73 to a day high of $2.80. The price has fallen in 5 of the last 10 days and is down by -7.97% for this period. Volume fell on the last day by -73 shares and in total, 3 thousand shares were bought and sold for approximately $7.48 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.76 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.95% during the next 3 months and, with a 90% probability hold a price between $2.90 and $3.55 at the end of this 3-month period.
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CRP.TO Signals & Forecast
The Ceres Global Ag Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.85 and $3.06. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 0.362%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Ceres Global Ag Corp. stock
Ceres Global Ag Corp. finds support from accumulated volume at $2.75 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0700 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 1.52%.
Ceres Global Ag Corp. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $2.60 (-6.04%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 19 which reduces the risk some. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (CRP.TO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ceres Global Ag Corp. to open at $2.77, and during the day (based on 14 day Average True Range), to move between $2.71 and $2.83, which gives a possible trading interval of +/-$0.0568 (+/-2.05%) up or down from last closing price. If Ceres Global Ag Corp. takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.75 (0.72%) than the resistance at $2.91 (5.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ceres Global Ag Corp. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.604 Buy Candidate Upgraded
Predicted Opening Price for Ceres Global Ag Corp. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $2.77 ( 0.120%) | $2.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRP.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.84 | 2.41% |
| R2 | 2.81 | 1.44% |
| R1 | 2.79 | 0.85% |
| Price | 2.77 | |
| S1 | 2.74 | -1.09% |
| S2 | 2.72 | -1.68% |
| S3 | 2.70 | -2.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.29 | 18.77% |
| R2 | 3.05 | 10.11% |
| R1 | 2.91 | 5.05% |
| Price | 2.77 | |
| S1 | 2.75 | -0.722% |
| S2 | 2.70 | -2.53% |
| S3 | 2.64 | -4.69% |
FAQ
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