EarthRenew Inc. Stock Forecast
EarthRenew Inc. stock price ended at $0.0550 on Monday, after losing 0%.
(Updated on Jun 03, 2024)
No changes to the price of EarthRenew Inc. stock on the last trading day (Monday, 3rd Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0550 to a day high of $0.0550. The price has been going up and down for this period, and there has been a -15.38% loss for the last 2 weeks.
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 -7.15% during the next 3 months and, with a 90% probability hold a price between $0.0459 and $0.0717 at the end of this 3-month period.
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ERTH.CN Signals & Forecast
There are mixed signals in the stock today. The EarthRenew 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 $0.0571 and $0.0629. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for EarthRenew Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 3.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ERTH.CN) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect EarthRenew Inc. to open at $0.0550, and during the day (based on 14 day Average True Range), to move between $0.0506 and $0.0594, which gives a possible trading interval of +/-$0.0044 (+/-8.03%) up or down from last closing price. If EarthRenew Inc. takes out the full calculated possible swing range there will be an estimated 16.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0600, some $0.0050 (9.09%) from the current price of $0.0550, our system finds the risk reward not very attractive.
Is EarthRenew Inc. stock A Buy?
EarthRenew 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.
Current score: -3.257 Sell Candidate Unchanged
Predicted Opening Price for EarthRenew Inc. of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| $0.0550 ( 0%) | $0.0550 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERTH.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0550 | . | |
| R2 | 0.0550 | . | ||
| R1 | 0.0550 | . | ||
| Current price: | 0.0550 | |||
| Support | S1 | 0.0550 | . | |
| S2 | 0.0550 | . | ||
| S3 | 0.0550 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0650 | 18.18 % | ||
| R1 | 0.0600 | 9.09 % | ||
| Current price | 0.0550 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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