Volatile ride for ClearStream Energy Services Inc. stock price on Monday moving between $0.0450 and $0.0500
(Updated on Aug 15, 2022)
Sell candidate since 2022-08-10 PDF
No changes to the price of ClearStream Energy Services Inc. stock on the last trading day (Monday, 15th Aug 2022). During the last trading day the stock fluctuated 11.11% from a day low at $0.0450 to a day high of $0.0500. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.47% during the next 3 months and, with a 90% probability hold a price between $0.0266 and $0.0434 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.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 ClearStream Energy Services 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 $0.0467. On a fall, the stock will find some support from the short-term average at $0.0443. 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 Tuesday, August 09, 2022, and so far it has fallen -10.00%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $0.0400. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0050 between high and low, or 11.11%. For the last week, the stock has had a daily average volatility of 17.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday 16th we expect ClearStream Energy Services Inc. to open at $0.0467, and during day (based on 14 day Average True Range), to move between $0.0391 and $0.0509, which gives a possible trading interval of +/-$0.0059 (+/-13.13%) up or down from last closing price. If ClearStream Energy Services Inc. takes out the full calculated possible swing range there will be an estimated 26.25% 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 (11.11%) than the resistance at $0.0500 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ClearStream Energy Services Inc. stock A Buy?
ClearStream Energy Services Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.835Sell Candidate Unchanged
Predicted Opening Price for ClearStream Energy Services Inc. of Tuesday, August 16, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price August 16, 2022||Current price|
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About ClearStream Energy Services Inc.
ClearStream Energy Services Inc. provides upstream, midstream, and downstream production services in Canada and the United States. The company operates through Maintenance and Construction Services, and Wear Technology Overlay Services segments. The Maintenance and Construction Services segment provides operational, maintenance, welding, fabrication, machining, construction, and turnaround services to the conventional oil and gas, oilsands, and o... Read more
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