Cryomass Technologies Inc. Stock Forecast
Cryomass Technologies Inc. stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Cryomass Technologies Inc. stock price gained 1.93% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0415 to $0.0423. During the last trading day the stock fluctuated 0% from a day low at $0.0423 to a day high of $0.0423. The price has been going up and down for this period, and there has been a 5.49% gain for the last 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 9 thousand shares were bought and sold for approximately $382.10 . 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 in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.83% during the next 3 months and, with a 90% probability hold a price between $0.0387 and $0.0921 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CRYM Signals & Forecast
There are few to no technical positive signals at the moment. The Cryomass Technologies Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0466. On a fall, the stock will find some support from the short-term average at $0.0410. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -43.60%. 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 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 Cryomass Technologies Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0400 and $0.0390. 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, Cryomass Technologies Inc. finds support just below today's level at $0.0400. If this is broken, then the next support from accumulated volume will be at $0.0390 and $0.0385.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 2.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRYM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Cryomass Technologies Inc. to open at $0.0423, and during the day (based on 14 day Average True Range), to move between $0.0368 and $0.0478, which gives a possible trading interval of +/-$0.0055 (+/-12.91%) up or down from last closing price. If Cryomass Technologies Inc. takes out the full calculated possible swing range there will be an estimated 25.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0400 (5.44%) than the resistance at $0.0450 (6.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cryomass Technologies Inc. stock A Buy?
The Cryomass Technologies Inc. stock holds several negative signals and despite the positive trend, we believe Cryomass Technologies Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.038 Sell Candidate Upgraded
Predicted Opening Price for Cryomass Technologies Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0423 ( 0%) | $0.0423 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRYM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0423 | - |
| R2 | 0.0423 | - |
| R1 | 0.0423 | - |
| Price | 0.0423 | |
| S1 | 0.0423 | - |
| S2 | 0.0423 | - |
| S3 | 0.0423 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0501 | 18.44% |
| R2 | 0.0490 | 15.84% |
| R1 | 0.0450 | 6.38% |
| Price | 0.0423 | |
| S1 | 0.0400 | -5.44% |
| S2 | 0.0390 | -7.80% |
| S3 | 0.0385 | -8.98% |
FAQ
Click here for our free guide on how to buy Cryomass Technologies Inc. Stock.
