Carbo Ceramics Stock Forecast

Sell candidate since Nov 01, 2019 Loss -79.80%

No changes to the price of Carbo Ceramics Inc stock on the last trading day (Monday, 27th Jan 2020). During the last trading day the stock fluctuated 0% from a day low at $0.297 to a day high of $0.297. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.

CRR Signals & Forecast

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. The Carbo Ceramics Inc 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 $0.297 and $0.313. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 24, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Carbo Ceramics Inc stock

Carbo Ceramics Inc finds support from accumulated volume at $0.293 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CRR) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Carbo Ceramics Inc to open at $0.297, and during the day (based on 14 day Average True Range), to move between $0.287 and $0.307, which gives a possible trading interval of +/-$0.0207 (+/-7.23%) up or down from last closing price. If Carbo Ceramics Inc takes out the full calculated possible swing range there will be an estimated 7.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.293 (1.35%) than the resistance at $0.320 (7.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Carbo Ceramics Inc stock A Buy?

Carbo Ceramics Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.259 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on January 28, 2020 - $0.297 ( 0%).

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