Currency Exchange International, Corp. Stock Forecast

Currency Exchange International, Corp. stock downgraded to Hold/Accumulate
(Updated on May 30, 2024)

CURN Signals & Forecast

The Currency Exchange International, Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.41 and $19.05. A breakdown below any of these levels will issue sell signals. Currency Exchange International, Corp. 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.510%. 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).

Support, Risk & Stop-loss for Currency Exchange International, Corp. stock

Currency Exchange International, Corp. finds support from accumulated volume at $19.45 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 $0.150 between high and low, or 0.775%. For the last week the stock has had daily average volatility of 0.424%.

Our recommended stop-loss: $18.76 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (CURN) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Currency Exchange International, Corp. to open at $19.45, and during the day (based on 14 day Average True Range), to move between $19.28 and $19.72, which gives a possible trading interval of +/-$0.220 (+/-1.13%) up or down from last closing price. If Currency Exchange International, Corp. takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.45 (0.26%) than the resistance at $19.60 (0.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Currency Exchange International, Corp. stock A Buy?

Currency Exchange International, Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

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 Currency Exchange International, Corp. of Friday, May 31, 2024

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