Crescita Therapeutics Inc. Stock Forecast
Green day on Tuesday for Crescita Therapeutics Inc.
(Updated on Jun 25, 2024)
The Crescita Therapeutics Inc. stock price gained 1.15% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.435 to $0.440. During the last trading day the stock fluctuated 1.15% from a day low at $0.435 to a day high of $0.440. The price has been going up and down for this period, and there has been a 6.02% gain 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, 7 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $4.63 thousand.
The stock lies in the middle of a 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 -2.72% during the next 3 months and, with a 90% probability hold a price between $0.401 and $0.457 at the end of this 3-month period.
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CTX.TO Signals & Forecast
Mostly positive signals in the chart today. The Crescita Therapeutics Inc. 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 $0.426 and $0.431. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 6.02%. 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). Crescita Therapeutics Inc. 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.
Support, Risk & Stop-loss for Crescita Therapeutics Inc. stock
Crescita Therapeutics Inc. finds support from accumulated volume at $0.435 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0050 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 0.706%.
Our recommended stop-loss: $0.418 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (CTX.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Crescita Therapeutics Inc. to open at $0.438, and during the day (based on 14 day Average True Range), to move between $0.434 and $0.446, which gives a possible trading interval of +/-$0.0064 (+/-1.46%) up or down from last closing price. If Crescita Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.435 (1.14%) than the resistance at $0.450 (2.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Crescita Therapeutics Inc. 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.
Current score: 2.230 Buy Candidate Unchanged
Predicted Opening Price for Crescita Therapeutics Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.438 ( 0.379%) | $0.440 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTX.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.443 | 0.758% |
| R2 | 0.441 | 0.323% |
| R1 | 0.440 | 0.0553% |
| Price | 0.440 | |
| S1 | 0.436 | -0.81% |
| S2 | 0.435 | -1.08% |
| S3 | 0.433 | -1.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.475 | 7.95% |
| R2 | 0.470 | 6.82% |
| R1 | 0.450 | 2.27% |
| Price | 0.440 | |
| S1 | 0.435 | -1.14% |
| S2 | 0.430 | -2.27% |
| S3 | 0.420 | -4.55% |
FAQ
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