Cavitation Technologies, Inc. Stock Forecast
Big movements in Cavitation Technologies, Inc. stock price on Thursday moving 39.08% between high and low
(Updated on May 16, 2024)
The Cavitation Technologies, Inc. stock price gained 21.00% on the last trading day (Thursday, 16th May 2024), rising from $0.0100 to $0.0121. During the last trading day the stock fluctuated 39.08% from a day low at $0.0087 to a day high of $0.0121. The price has been going up and down for this period, and there has been a -2.73% 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, 260 thousand more shares were traded than the day before. In total, 291 thousand shares were bought and sold for approximately $3.53 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 -24.98% during the next 3 months and, with a 90% probability hold a price between $0.0072 and $0.0099 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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CVAT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Cavitation Technologies, 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 Cavitation Technologies, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0127. On a fall, the stock will find some support from the short-term average at $0.0106. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.738%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Cavitation Technologies, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0113 and $0.0101. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cavitation Technologies, Inc. finds support just below today's level at $0.0113. If this is broken, then the next support from accumulated volume will be at $0.0101 and $0.0100.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0034 between high and low, or 39.08%. For the last week, the stock has had daily average volatility of 12.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CVAT) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Cavitation Technologies, Inc. to open at $0.0110, and during the day (based on 14 day Average True Range), to move between $0.0105 and $0.0137, which gives a possible trading interval of +/-$0.0016 (+/-12.81%) up or down from last closing price. If Cavitation Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 25.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0113 (6.61%) than the resistance at $0.0130 (7.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cavitation Technologies, Inc. stock A Buy?
Cavitation Technologies, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.439 Sell Candidate Upgraded
Predicted Opening Price for Cavitation Technologies, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.0110 ( 9.37%) | $0.0121 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0144 | 18.73 % | |
| R2 | 0.0131 | 8.00 % | ||
| R1 | 0.0123 | 1.37 % | ||
| Current price: | 0.0121 | |||
| Support | S1 | 0.0097 | -20.10 % | |
| S2 | 0.0089 | -26.73 % | ||
| S3 | 0.0076 | -37.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0150 | 23.97 % | |
| R2 | 0.0140 | 15.70 % | ||
| R1 | 0.0130 | 7.44 % | ||
| Current price | 0.0121 | |||
| Support | S1 | 0.0113 | -6.61% | |
| S2 | 0.0101 | -16.53% | ||
| S3 | 0.0100 | -17.36% |
FAQ
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