Critical Metals Plc Stock Forecast
Critical Metals Plc stock price down 1.21% on Tuesday
(Updated on Jun 25, 2024)
The Critical Metals Plc stock price fell by -1.21% on the last day (Tuesday, 25th Jun 2024) from £5.77 to £5.70. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.35% from a day low at £5.61 to a day high of £5.80. The price has fallen in 8 of the last 10 days and is down by -13.93% for this period. Volume has increased on the last day by 657 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, 777 thousand shares were bought and sold for approximately £4.43 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £5.35 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 30.77% during the next 3 months and, with a 90% probability hold a price between £6.99 and £11.77 at the end of this 3-month period.
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CRTM.L Signals & Forecast
There are few to no technical positive signals at the moment. The Critical Metals Plc 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 £5.90 and £5.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -32.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Critical Metals Plc stock
Critical Metals Plc finds support from accumulated volume at £5.45 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 £0.188 between high and low, or 3.35%. For the last week, the stock has had daily average volatility of 4.01%.
Critical Metals Plc is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRTM.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Critical Metals Plc to open at £5.70, and during the day (based on 14 day Average True Range), to move between £5.26 and £6.14, which gives a possible trading interval of +/-£0.436 (+/-7.65%) up or down from last closing price. If Critical Metals Plc takes out the full calculated possible swing range there will be an estimated 15.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £5.80 (1.75%) than the support at £5.45 (4.39%), 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 Plc stock A Buy?
The Critical Metals Plc stock holds several negative signals and despite the positive trend, we believe Critical Metals Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.831 Sell Candidate Unchanged
Predicted Opening Price for Critical Metals Plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £5.70 ( 0.0702%) | £5.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRTM.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.89 | 3.37% |
| R2 | 5.82 | 2.11% |
| R1 | 5.78 | 1.33% |
| Price | 5.70 | |
| S1 | 5.63 | -1.19% |
| S2 | 5.59 | -1.97% |
| S3 | 5.52 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.04 | 23.51% |
| R2 | 7.00 | 22.81% |
| R1 | 5.80 | 1.75% |
| Price | 5.70 | |
| S1 | 5.45 | -4.39% |
| S2 | 4.90 | -14.04% |
| S3 | 4.80 | -15.79% |
FAQ
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