Coretec Group Inc Stock Forecast

High volatility in Coretec Group Inc stock price on Friday which ended trading at $0.0072
(Updated on May 17, 2024)

CRTG Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Coretec Group Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Coretec Group 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 $0.0076 and $0.0126. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -19.66%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Coretec Group Inc stock

Coretec Group Inc finds support from accumulated volume at $0.0071 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 $0.0011 between high and low, or 16.18%. For the last week, the stock has had daily average volatility of 15.21%.

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

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

For the upcoming trading day on Monday, 20th we expect Coretec Group Inc to open at $0.0073, and during the day (based on 14 day Average True Range), to move between $0.0043 and $0.0100, which gives a possible trading interval of +/-$0.0028 (+/-39.37%) up or down from last closing price. If Coretec Group Inc takes out the full calculated possible swing range there will be an estimated 78.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0071 (0.70%) than the resistance at $0.0074 (3.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Coretec Group Inc stock A Buy?

Coretec Group 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: -5.755 Strong Sell Candidate Unchanged

Predicted Opening Price for Coretec Group Inc of Monday, May 20, 2024

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