Charles & Colvard Ltd Stock Forecast
Green day on Thursday for Charles & Colvard Ltd stock after gaining 0.265%
(Updated on Mar 28, 2024)
The Charles & Colvard Ltd stock price gained 0.265% on the last trading day (Thursday, 28th Mar 2024), rising from $0.340 to $0.341. During the last trading day the stock fluctuated 7.91% from a day low at $0.340 to a day high of $0.367. The price has been going up and down for this period, and there has been a -4.75% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 134 thousand shares were bought and sold for approximately $45.61 thousand.
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 -17.21% during the next 3 months and, with a 90% probability hold a price between $0.232 and $0.333 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.
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CTHR Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.07%. Further rise is indicated until a new top pivot has been found. Charles & Colvard Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 Charles & Colvard Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.350 and $0.361. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Charles & Colvard Ltd stock
Charles & Colvard Ltd finds support from accumulated volume at $0.340 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0269 between high and low, or 7.91%. For the last week, the stock has had daily average volatility of 7.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CTHR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Charles & Colvard Ltd to open at $0.349, and during the day (based on 14 day Average True Range), to move between $0.311 and $0.371, which gives a possible trading interval of +/-$0.0300 (+/-8.81%) up or down from last closing price. If Charles & Colvard Ltd takes out the full calculated possible swing range there will be an estimated 17.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.340 (0.29%) than the resistance at $0.352 (3.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Charles & Colvard Ltd stock A Buy?
Charles & Colvard Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.009 Sell Candidate Unchanged
Predicted Opening Price for Charles & Colvard Ltd of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.349 ( 2.43%) | $0.341 |
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 | 0.376 | 10.32 % | |
R2 | 0.366 | 7.31 % | ||
R1 | 0.360 | 5.45 % | ||
Current price: | 0.341 | |||
Support | S1 | 0.339 | -0.579 % | |
S2 | 0.333 | -2.44 % | ||
S3 | 0.322 | -5.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.377 | 10.53 % | |
R2 | 0.359 | 5.28 % | ||
R1 | 0.352 | 3.08 % | ||
Current price | 0.341 | |||
Support | S1 | 0.340 | -0.293% | |
S2 | 0.339 | -0.733% | ||
S3 | 0.316 | -7.33% |
CTHR Dividend Payout History
# | 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
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