ThreeD Capital Inc. Stock Forecast
High volatility in ThreeD Capital Inc. stock price on Tuesday which ended trading at $0.280
(Updated on May 14, 2024)
The ThreeD Capital Inc. stock price fell by -12.50% on the last day (Tuesday, 14th May 2024) from $0.320 to $0.280. During the last trading day the stock fluctuated 12.50% from a day low at $0.280 to a day high of $0.315. The price has fallen in 5 of the last 10 days and is down by -6.67% for this period. Volume has increased on the last day by 45 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 110 thousand shares were bought and sold for approximately $30.88 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.212 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.68% during the next 3 months and, with a 90% probability hold a price between $0.174 and $0.588 at the end of this 3-month period.
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IDK.CN 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 ThreeD Capital 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 $0.295 and $0.412. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -65.00%. Further fall is indicated until a new bottom pivot has been found. ThreeD Capital Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ThreeD Capital Inc. stock
ThreeD Capital Inc. finds support from accumulated volume at $0.275 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 $0.0350 between high and low, or 12.50%. 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 (IDK.CN) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect ThreeD Capital Inc. to open at $0.292, and during the day (based on 14 day Average True Range), to move between $0.231 and $0.329, which gives a possible trading interval of +/-$0.0488 (+/-17.43%) up or down from last closing price. If ThreeD Capital Inc. takes out the full calculated possible swing range there will be an estimated 34.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.275 (1.79%) than the resistance at $0.300 (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ThreeD Capital Inc. stock A Buy?
ThreeD Capital 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: -5.762 Strong Sell Candidate Unchanged
Predicted Opening Price for ThreeD Capital Inc. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $0.292 ( 4.17%) | $0.280 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDK.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.327 | 16.67 % | |
| R2 | 0.313 | 11.89 % | ||
| R1 | 0.305 | 8.94 % | ||
| Current price: | 0.280 | |||
| Support | S1 | 0.278 | -0.608 % | |
| S2 | 0.270 | -3.56 % | ||
| S3 | 0.257 | -8.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.335 | 19.64 % | |
| R2 | 0.320 | 14.29 % | ||
| R1 | 0.300 | 7.14 % | ||
| Current price | 0.280 | |||
| Support | S1 | 0.275 | -1.79% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
IDK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2006 | Jun 07, 2006 | Jun 07, 2006 | $8.00 | 5.13% |
FAQ
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