County Line Energy Corp. Stock Forecast
Red day on Friday for County Line Energy Corp. stock after losing 0%
(Updated on May 10, 2024)
No changes to the price of County Line Energy Corp. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0060 to a day high of $0.0060. The price has fallen in 4 of the last 10 days but is still up by 4.35% over the past 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 39.35% during the next 3 months and, with a 90% probability hold a price between $0.0065 and $0.0102 at the end of this 3-month period.
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CYLC Signals & Forecast
The County Line Energy 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 $0.0056 and $0.0055. A breakdown below any of these levels will issue sell signals. 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 09, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for County Line Energy Corp. stock
County Line Energy Corp. finds support from accumulated volume at $0.0058 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.60%
Our recommended stop-loss: $0.0058 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CYLC) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect County Line Energy Corp. to open at $0.0060, and during the day (based on 14 day Average True Range), to move between $0.0052 and $0.0068, which gives a possible trading interval of +/-$0.0008 (+/-13.04%) up or down from last closing price. If County Line Energy Corp. takes out the full calculated possible swing range there will be an estimated 26.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0061 (1.67%) than the support at $0.0058 (4.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is County Line Energy Corp. stock A Buy?
County Line Energy 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 County Line Energy Corp. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$0.0060 ( 0.00000000%) | $0.0060 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CYLC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0060 | 0.00000000 % | |
R2 | 0.0060 | 0.00000000 % | ||
R1 | 0.0060 | 0.00000000 % | ||
Current price: | 0.0060 | |||
Support | S1 | 0.0060 | 0.00000000 % | |
S2 | 0.0060 | 0.00000000 % | ||
S3 | 0.0060 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0063 | 5.00 % | |
R2 | 0.0063 | 4.33 % | ||
R1 | 0.0061 | 1.67 % | ||
Current price | 0.0060 | |||
Support | S1 | 0.0058 | -4.17% | |
S2 | 0.0055 | -8.33% | ||
S3 | 0.0050 | -16.67% |
FAQ
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