OriginClear, Inc. Stock Forecast
OriginClear, Inc. stock price ended at $0.0099 on Monday, after losing 4.81%.
(Updated on May 20, 2024)
The OriginClear, Inc. stock price fell by -4.81% on the last day (Monday, 20th May 2024) from $0.0104 to $0.0099. During the last trading day the stock fluctuated 6.06% from a day low at $0.0099 to a day high of $0.0105. The price has fallen in 5 of the last 10 days and is down by -2.94% for this period. Volume has increased on the last day by 156 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, 357 thousand shares were bought and sold for approximately $3.53 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0093 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.67% during the next 3 months and, with a 90% probability hold a price between $0.0120 and $0.0183 at the end of this 3-month period.
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OCLN 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 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 $0.0103 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. OriginClear, 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 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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0006 between high and low, or 6.06%. For the last week, the stock has had daily average volatility of 4.28%.
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 Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect OriginClear, Inc. to open at $0.0101, and during the day (based on 14 day Average True Range), to move between $0.0087 and $0.0111, which gives a possible trading interval of +/-$0.0012 (+/-11.68%) up or down from last closing price. If OriginClear, Inc. takes out the full calculated possible swing range there will be an estimated 23.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0100 (1.01%) than the support at $0.0097 (2.02%), 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 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: -4.964 Sell Candidate Unchanged
Predicted Opening Price for OriginClear, Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0101 ( 2.02%) | $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 | 0.0107 | 8.08 % | |
| R2 | 0.0105 | 5.77 % | ||
| R1 | 0.0103 | 4.34 % | ||
| Current price: | 0.0099 | |||
| Support | S1 | 0.0099 | -0.295 % | |
| S2 | 0.0097 | -1.73 % | ||
| S3 | 0.0095 | -4.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0110 | 11.11 % | |
| R2 | 0.0103 | 4.04 % | ||
| R1 | 0.0100 | 1.01 % | ||
| 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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