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Conversion Labs, Inc. Stock Forecast


$12.60 (-3.82%)

Volume: 0

Closed: Aug 05, 2022

Hollow Logo Score: -1.945

Conversion Labs, Inc. Stock Forecast

$12.60 (-3.82%)

Volume: 0

Closed: Aug 05, 2022

Score Hollow Logo -1.945
Which way will CVLB go? Request
Fri, Aug 05, 2022 Sell Candidate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 80 ] RSI14 is 49 and the stock is currently not being overbought or oversold
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Conversion Labs, Inc. stock price down 3.82% on Friday
(Updated on Aug 05, 2022)

Sell candidate since 2022-07-29 Loss -5.33% PDF

The Conversion Labs, Inc. stock price fell by -3.82% on the last day (Friday, 5th Aug 2022) from $13.10 to $12.60. During the last trading day the stock fluctuated 3.59% from a day low at $12.55 to a day high of $13.00. The price has risen in 6 of the last 10 days, but is still down by -2.31% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 0 shares were bought and sold for approximately $0 .

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 -18.74% during the next 3 months and, with a 90% probability hold a price between $8.63 and $12.16 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.

Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Conversion Labs, 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 $13.04 and $13.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, August 04, 2022, and so far it has fallen -3.82%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Conversion Labs, Inc. finds support from accumulated volume at $12.35 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.45 between high and low, or 3.59%. For the last week the stock has had a daily average volatility of 8.14%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday 8th we expect Conversion Labs, Inc. to open at $12.72, and during day (based on 14 day Average True Range), to move between $11.72 and $13.48, which gives a possible trading interval of +/-$0.88 (+/-7.01%) up or down from last closing price. If Conversion Labs, Inc. takes out the full calculated possible swing range there will be an estimated 14.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.75 (1.19%) than the support at $12.35 (1.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.

Is Conversion Labs, Inc. stock A Buy?

Conversion Labs, Inc. 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: -1.945

Sell Candidate Unchanged

Predicted Opening Price for Conversion Labs, Inc. of Monday, August 8, 2022

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

Fair opening price August 8, 2022 Current price
$12.72 $12.60 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 13.17 4.50 %
12.99 3.13 %
12.89 2.29 %
Current price: 12.60
Support 12.54 -0.44 %
12.44 -1.28 %
12.27 -2.65 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 14.01 11.16 %
13.10 3.97 %
12.75 1.19 %
Current price 12.60
Support 12.35 -1.98%
12.10 -3.97%
12.00 -4.76%

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