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Charles & Colvard Ltd Stock Forecast NASDAQ:CTHR

$3.06 (-1.29%)

Volume: 115k

Closed: Nov 29, 2021

Hollow Logo Score: -4.657

Charles & Colvard Ltd Stock Forecast

$3.06 (-1.29%)

Volume: 115k

Closed: Nov 29, 2021

Score Hollow Logo -4.657
Which way will CTHR go? Request
Key Stats
P/E Ratio 7.29
Beta 0.74
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 40 and the stock is currently not being overbought or oversold

Charles & Colvard Ltd stock downgraded from Buy Candidate to Sell Candidate after Monday trading session.
(Updated on Nov 29, 2021)


Sell candidate since 2021-10-18 Gain 4.08%

The Charles & Colvard Ltd stock price fell by -1.29% on the last day (Monday, 29th Nov 2021) from $3.10 to $3.06. and has now fallen 5 days in a row. During the day the stock fluctuated 3.96% from a day low at $3.03 to a day high of $3.15. The price has fallen in 6 of the last 10 days and is down by -4.97% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 115 thousand shares were bought and sold for approximately $353.40 thousand.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.89% during the next 3 months and, with a 90% probability hold a price between $3.41 and $4.03 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Charles & Colvard Ltd stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.18 and $3.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -11.30%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Charles & Colvard Ltd finds support from accumulated volume at $3.01 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 $0.12 between high and low, or 3.96%. For the last week the stock has had a daily average volatility of 3.88%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Charles & Colvard Ltd stock A Buy?

The Charles & Colvard Ltd stock holds several negative signals and despite the positive trend, we believe Charles & Colvard Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.657

Predicted Opening Price for Charles & Colvard Ltd of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$3.08 $3.06 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Sep 03, 2021 "Roth Capital" gave "$3.50 - $3.75" rating for CTHR. The price target was changed from $2.88 to 10.8%.

Volatility and Risk
Daily Average Volatility: 3.88 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.88 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.23
Price: $3.06
Support: $3.01

CTHR Insider Trading Show all Trades

INSIDER POWER

4.378

Last 100 transactions
Buy: 2 826 287 | Sell: 645 559 (Shares)
Date Action Amount Person Type
Nov 26, 2021 Buy 18 747 Sykes Ollin B Common Stock
Nov 18, 2021 Buy 15 600 Butler Anne M Stock Option (right to buy)
Nov 18, 2021 Buy 15 600 Casamento Benedetta I Stock Option (right to buy)
Nov 18, 2021 Buy 17 160 Goldman Neal I Stock Option (right to buy)
Nov 18, 2021 Buy 15 600 Sykes Ollin B Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

4.378

Last 100 transactions
Buy: 2 826 287 | Sell: 645 559 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.20 4.58 %
3.15 3.08 %
3.13 2.15 %
Current price: 3.06
Support 3.03 -0.84 %
3.01 -1.77 %
2.96 -3.27 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.31 8.17 %
3.25 6.21 %
3.23 5.56 %
Current price 3.06
Support 3.01 -1.63%
2.93 -4.25%
2.90 -5.23%

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About Charles & Colvard Ltd

Charles & Colvard Ltd Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, oval, and others in sizes ranging from approximately 1.3 to 12 millimeters. It also provides finished jewelry featuring moissanite, such as stud earnings, ... Read more

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