CXApp Inc. Stock Forecast
Red day on Tuesday for CXApp Inc. stock after losing 4.27%
(Updated on Apr 30, 2024)
The CXApp Inc. stock price fell by -4.27% on the last day (Tuesday, 30th Apr 2024) from $3.51 to $3.36. During the last trading day the stock fluctuated 6.59% from a day low at $3.34 to a day high of $3.56. The price has fallen in 6 of the last 10 days and is down by -14.07% 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 -299 thousand shares and in total, 571 thousand shares were bought and sold for approximately $1.92 million.
Given the current short-term trend, the stock is expected to rise 89.56% during the next 3 months and, with a 90% probability hold a price between $6.37 and $13.88 at the end of this 3-month period.
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CXAI Signals & Forecast
There are few to no technical positive signals at the moment. The CXApp 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 $3.48 and $3.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -45.37%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CXApp Inc. stock
CXApp Inc. finds support from accumulated volume at $3.24 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 $0.220 between high and low, or 6.59%. For the last week, the stock has had daily average volatility of 10.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CXAI) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect CXApp Inc. to open at $3.42, and during the day (based on 14 day Average True Range), to move between $2.74 and $3.98, which gives a possible trading interval of +/-$0.621 (+/-18.50%) up or down from last closing price. If CXApp Inc. takes out the full calculated possible swing range there will be an estimated 36.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.24 (3.57%) than the resistance at $3.48 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CXApp Inc. will release earnings -- on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.350. We will update the financials statements for CXApp Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 17.79% in the first trading day after earnings release.
Is CXApp Inc. stock A Buy?
The CXApp Inc. stock holds several negative signals and despite the positive trend, we believe CXApp Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.051 Sell Candidate Unchanged
Predicted Opening Price for CXApp Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $3.42 ( 1.79%) | $3.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CXAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.64 | 8.33 % | |
| R2 | 3.56 | 5.83 % | ||
| R1 | 3.50 | 4.29 % | ||
| Current price: | 3.36 | |||
| Support | S1 | 3.34 | -0.715 % | |
| S2 | 3.28 | -2.26 % | ||
| S3 | 3.20 | -4.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.91 | 16.37 % | |
| R2 | 3.69 | 9.82 % | ||
| R1 | 3.48 | 3.57 % | ||
| Current price | 3.36 | |||
| Support | S1 | 3.24 | -3.57% | |
| S2 | 2.98 | -11.31% | ||
| S3 | 2.82 | -16.07% |
FAQ
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