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AI Analysis of CRSXF
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Corsa Coal Corp. stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)

Hold candidate since May 17, 2024 PDF

The Corsa Coal Corp. stock price gained 1.55% on the last trading day (Friday, 17th May 2024), rising from $0.249 to $0.253. During the last trading day the stock fluctuated 6.56% from a day low at $0.245 to a day high of $0.261. The price has fallen in 5 of the last 10 days and is down by -4.42% for this period. Volume fell on the last day by -103 thousand shares and in total, 17 thousand shares were bought and sold for approximately $4.18 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 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 $0.262 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 -7.37% during the next 3 months and, with a 90% probability hold a price between $0.169 and $0.242 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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CRSXF Signals & Forecast

The Corsa Coal Corp. 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 $0.252 and $0.245. 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 Friday, May 03, 2024, and so far it has fallen -4.42%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Corsa Coal Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.237 and $0.230. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Corsa Coal Corp. finds support just below today's level at $0.237. If this is broken, then the next support from accumulated volume will be at $0.230 and $0.210.

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 $0.0161 between high and low, or 6.56%. For the last week the stock has had daily average volatility of 2.84%.

Our recommended stop-loss: $0.243 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (CRSXF) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Corsa Coal Corp. to open at $0.253, and during the day (based on 14 day Average True Range), to move between $0.237 and $0.269, which gives a possible trading interval of +/-$0.0158 (+/-6.25%) up or down from last closing price. If Corsa Coal Corp. takes out the full calculated possible swing range there will be an estimated 12.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.257 (1.56%) than the support at $0.237 (6.40%), 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 Corsa Coal Corp. stock A Buy?

Corsa Coal Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.718 Hold/Accumulate Upgraded

Predicted Opening Price for Corsa Coal Corp. of Monday, May 20, 2024

Fair opening price May 20, 2024 Current price
$0.253 ( 0.0737%) $0.253

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CRSXF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.269 6.27 %
R2 0.263 3.85 %
R1 0.259 2.35 %
Current price: 0.253
Support S1 0.247 -2.50 %
S2 0.243 -4.00 %
S3 0.237 -6.42 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.276 8.94 %
R2 0.259 2.13 %
R1 0.257 1.56 %
Current price 0.253
Support S1 0.237 -6.40%
S2 0.230 -9.20%
S3 0.210 -17.09%

FAQ

What is the symbol for Corsa Coal Corp. Stock and on which exchange is it traded?
The symbol for Corsa Coal Corp. is CRSXF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Corsa Coal Corp. Stock?
Corsa Coal Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Corsa Coal Corp. Stock?
Corsa Coal Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Corsa Coal Corp. Stock.

What's the current price of Corsa Coal Corp. Stock?
As of the end of day on the May 17, 2024, the price of an Corsa Coal Corp. (CRSXF) share was $0.253.

What is the 52-week high and low for Corsa Coal Corp. Stock?
The 52-week high for Corsa Coal Corp. Stock is $0.670 and the 52-week low is $0.189.

What is the market capitalization of Corsa Coal Corp. Stock?
As of the May 17, 2024, the market capitalization of Corsa Coal Corp. is 25.892M.

When is the next earnings date for Corsa Coal Corp.?
The upcoming earnings date for Corsa Coal Corp. is Aug 06, 2024.
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About Corsa Coal Corp.

Corsa Coal . Corsa Coal Corp. mines, processes, and sells metallurgical coal. The company is also involved in exploring, acquiring, and developing coal resource properties. It produces and sells metallurgical coal used for the production of coke from its mines in the Northern Appalachia coal region of the United States. The company serves steel and coke producers. It markets and sells its coal in North America, South America, Asia, and Europe. The company is ... CRSXF Profile

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