CareView Communications Inc Stock Forecast

High volatility in CareView Communications Inc stock price on Thursday which ended trading at $0.0410
(Updated on May 09, 2024)

CRVW 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 CareView Communications 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 $0.0484 and $0.0516. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -20.23%. Further fall is indicated until a new bottom pivot has been found. CareView Communications Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for CareView Communications Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0080 between high and low, or 19.51%. For the last week, the stock has had daily average volatility of 14.43%.

Our recommended stop-loss: $0.0389 (-5.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (CRVW) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect CareView Communications Inc to open at $0.0437, and during the day (based on 14 day Average True Range), to move between $0.0373 and $0.0447, which gives a possible trading interval of +/-$0.0037 (+/-8.95%) up or down from last closing price. If CareView Communications Inc takes out the full calculated possible swing range there will be an estimated 17.90% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0449, some $0.0039 (9.46%) from the current price of $0.0410, our system finds the risk reward not very attractive.

Is CareView Communications Inc stock A Buy?

CareView Communications Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for CareView Communications Inc of Friday, May 10, 2024

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