OriginClear, Inc. Stock Forecast
OriginClear, Inc. stock price ended at $0.0099 on Tuesday, after losing 0%.
(Updated on Apr 30, 2024)
No changes to the price of OriginClear, Inc. stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 4.17% from a day low at $0.0096 to a day high of $0.0100. The price has fallen in 6 of the last 10 days and is down by -1% for this period.
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 34.01% during the next 3 months and, with a 90% probability hold a price between $0.0118 and $0.0180 at the end of this 3-month period.
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OCLN Signals & Forecast
There are few to no technical positive signals at the moment. The OriginClear, 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 $0.0102 and $0.0104. 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 -19.51%. 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 OriginClear, Inc. stock
OriginClear, Inc. finds support from accumulated volume at $0.0097 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0004 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 5.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OCLN) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect OriginClear, Inc. to open at $0.0098, and during the day (based on 14 day Average True Range), to move between $0.0086 and $0.0112, which gives a possible trading interval of +/-$0.0013 (+/-12.90%) up or down from last closing price. If OriginClear, Inc. takes out the full calculated possible swing range there will be an estimated 25.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0097 (2.02%) than the resistance at $0.0103 (4.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OriginClear, Inc. stock A Buy?
The OriginClear, Inc. stock holds several negative signals and despite the positive trend, we believe OriginClear, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.188 Sell Candidate Unchanged
Predicted Opening Price for OriginClear, Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.0098 ( 0.673%) | $0.0099 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OCLN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0102 | 3.37 % | |
| R2 | 0.0101 | 1.82 % | ||
| R1 | 0.0100 | 0.87 % | ||
| Current price: | 0.0099 | |||
| Support | S1 | 0.0097 | -2.22 % | |
| S2 | 0.0096 | -3.17 % | ||
| S3 | 0.0094 | -4.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0115 | 16.16 % | |
| R2 | 0.0110 | 11.11 % | ||
| R1 | 0.0103 | 4.04 % | ||
| Current price | 0.0099 | |||
| Support | S1 | 0.0097 | -2.02% | |
| S2 | 0.0095 | -4.04% | ||
| S3 | 0.0075 | -24.24% |
FAQ
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