Caduceus Software Sys Crp Stock Forecast
Strong day for Caduceus Software Sys Crp stock price on Friday rising 38.93% to $0.0170
(Updated on May 17, 2024)
The Caduceus Software Sys Crp stock price gained 38.93% on the last trading day (Friday, 17th May 2024), rising from $0.0122 to $0.0170. During the last trading day the stock fluctuated 7.69% from a day low at $0.0163 to a day high of $0.0175. The price has been going up and down for this period, and there has been a 14.14% gain for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 7 thousand shares were bought and sold for approximately $110.18 . 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 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 -21.10% during the next 3 months and, with a 90% probability hold a price between $0.0077 and $0.0166 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CSOC Signals & Forecast
The Caduceus Software Sys Crp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0149 and $0.0149. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 38.93%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Caduceus Software Sys Crp stock
Caduceus Software Sys Crp finds support from accumulated volume at $0.0163 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0013 between high and low, or 7.69%. For the last week the stock has had daily average volatility of 6.08%.
Our recommended stop-loss: $0.0164 (-3.28%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (CSOC) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Caduceus Software Sys Crp to open at $0.0169, and during the day (based on 14 day Average True Range), to move between $0.0154 and $0.0185, which gives a possible trading interval of +/-$0.0016 (+/-9.43%) up or down from last closing price. If Caduceus Software Sys Crp takes out the full calculated possible swing range there will be an estimated 18.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0171 (0.59%) than the support at $0.0163 (3.83%), 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 Caduceus Software Sys Crp stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.971 Buy Candidate Upgraded
Predicted Opening Price for Caduceus Software Sys Crp of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0169 ( 0.295%) | $0.0170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSOC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0182 | 7.08 % | |
| R2 | 0.0177 | 4.26 % | ||
| R1 | 0.0174 | 2.52 % | ||
| Current price: | 0.0170 | |||
| Support | S1 | 0.0164 | -3.11 % | |
| S2 | 0.0161 | -4.85 % | ||
| S3 | 0.0157 | -7.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0199 | 17.40 % | |
| R2 | 0.0185 | 9.14 % | ||
| R1 | 0.0171 | 0.590 % | ||
| Current price | 0.0170 | |||
| Support | S1 | 0.0163 | -3.83% | |
| S2 | 0.0150 | -11.50% | ||
| S3 | 0.0148 | -12.68% |
FAQ
Click here for our free guide on how to buy Caduceus Software Sys Crp Stock.
