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AI Analysis of CTHR
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Big movements in Charles & Colvard Ltd stock price on Monday moving 11.43% between high and low
(Updated on Apr 22, 2024)

Buy candidate since Apr 19, 2024 Gain 4.23% PDF

The Charles & Colvard Ltd stock price gained 4.23% on the last trading day (Monday, 22nd Apr 2024), rising from $0.355 to $0.370. During the last trading day the stock fluctuated 11.43% from a day low at $0.350 to a day high of $0.390. The price has risen in 6 of the last 10 days and is up by 17.39% over the past 2 weeks. Volume fell on the last day by -182 thousand shares and in total, 50 thousand shares were bought and sold for approximately $18.57 thousand. 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 stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.361, a level that may pose a second chance to hit a runner. According to fan-theory $0.471 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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CTHR Signals & Forecast

The Charles & Colvard Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.336 and $0.343. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 23.33%. Further rise is indicated until a new top pivot has been found. 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. 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 Charles & Colvard Ltd stock

Charles & Colvard Ltd finds support from accumulated volume at $0.359 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0400 between high and low, or 11.43%. For the last week the stock has had daily average volatility of 9.62%.

Our recommended stop-loss: $0.358 (-3.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (CTHR) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Charles & Colvard Ltd to open at $0.370, and during the day (based on 14 day Average True Range), to move between $0.343 and $0.397, which gives a possible trading interval of +/-$0.0274 (+/-7.40%) up or down from last closing price. If Charles & Colvard Ltd takes out the full calculated possible swing range there will be an estimated 14.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.371 (0.27%) than the support at $0.359 (2.97%), 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 Charles & Colvard Ltd stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 2.110 Buy Candidate Unchanged

Predicted Opening Price for Charles & Colvard Ltd of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$0.370 ( 0.00000000%) $0.370

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

Trading levels for CTHR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.410 10.81 %
R2 0.395 6.68 %
R1 0.385 4.13 %
Current price: 0.370
Support S1 0.355 -4.13 %
S2 0.345 -6.68 %
S3 0.330 -10.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.390 5.43 %
R2 0.377 1.86 %
R1 0.371 0.270 %
Current price 0.370
Support S1 0.359 -2.97%
S2 0.352 -5.00%
S3 0.339 -8.51%

CTHR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 24, 2007 May 29, 2007 Jun 15, 2007 $0.0800 1.66%
2 Apr 18, 2006 May 26, 2006 Jun 15, 2006 $0.0800 0.773%
3 May 25, 2005 Jun 28, 2005 Jul 15, 2005 $0.0400 0.193%

FAQ

What is the symbol for Charles & Colvard Ltd Stock and on which exchange is it traded?
The symbol for Charles & Colvard Ltd is CTHR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Charles & Colvard Ltd Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

How to buy Charles & Colvard Ltd Stock?
Charles & Colvard Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Charles & Colvard Ltd Stock.

What's the current price of Charles & Colvard Ltd Stock?
As of the end of day on the Apr 22, 2024, the price of an Charles & Colvard Ltd (CTHR) share was $0.370.

What is the 52-week high and low for Charles & Colvard Ltd Stock?
The 52-week high for Charles & Colvard Ltd Stock is $1.13 and the 52-week low is $0.285.

What is the market capitalization of Charles & Colvard Ltd Stock?
As of the Apr 22, 2024, the market capitalization of Charles & Colvard Ltd is 10.772M.

When is the next earnings date for Charles & Colvard Ltd?
The upcoming earnings date for Charles & Colvard Ltd is May 02, 2024.
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About Charles & Colvard Ltd

Charles & Colvard Ltd Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company manufactures, markets, and distributes moissanite jewels and finished moissanite jewelry under the Charles & Colvard Created Moissanite brand; and premium moissanite gemstones under the Forever One brand name. It also markets and distributes lab grown diamonds, and finished jewelry with lab grown diamonds under the Caydia brand. The co... CTHR Profile

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