Cuentas Inc. Stock Forecast
Cuentas Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The Cuentas Inc. stock price gained 0.86% on the last trading day (Thursday, 25th Apr 2024), rising from $0.232 to $0.234. During the last trading day the stock fluctuated 3.00% from a day low at $0.233 to a day high of $0.240. The price has risen in 4 of the last 10 days but is still down by -16.73% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $344.45 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.210 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -38.29% during the next 3 months and, with a 90% probability hold a price between $0.130 and $0.255 at the end of this 3-month period.
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CUEN Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.25%. Further rise is indicated until a new top pivot has been found. Cuentas 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cuentas Inc. 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 $0.249 and $0.313. 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 Cuentas Inc. stock
Cuentas Inc. finds support from accumulated volume at $0.232 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0070 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 17.12%.
Our recommended stop-loss: $0.220 (-5.88%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CUEN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Cuentas Inc. to open at $0.236, and during the day (based on 14 day Average True Range), to move between $0.191 and $0.277, which gives a possible trading interval of +/-$0.0428 (+/-18.28%) up or down from last closing price. If Cuentas Inc. takes out the full calculated possible swing range there will be an estimated 36.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.232 (0.85%) than the resistance at $0.280 (19.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cuentas Inc. stock A Buy?
Cuentas Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Cuentas Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.236 ( 0.712%) | $0.234 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.243 | 3.70 % | |
| R2 | 0.240 | 2.56 % | ||
| R1 | 0.238 | 1.85 % | ||
| Current price: | 0.234 | |||
| Support | S1 | 0.233 | -0.430 % | |
| S2 | 0.231 | -1.14 % | ||
| S3 | 0.229 | -2.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.285 | 21.79 % | |
| R2 | 0.281 | 20.09 % | ||
| R1 | 0.280 | 19.66 % | ||
| Current price | 0.234 | |||
| Support | S1 | 0.232 | -0.85% | |
| S2 | 0.231 | -1.24% | ||
| S3 | 0 | . |
FAQ
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