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Key Stats
P/E Ratio -7.52
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ]
RSI14 is 65 and the stock is currently not being overbought or oversold

ContextLogic Inc. stock price up 1.26% on Thursday (Updated on June 17, 2021)


Sell candidate since 2021-06-16 Gain 1.26%

The ContextLogic Inc. stock price gained 1.26% on the last trading day (Thursday, 17th Jun 2021), rising from $11.09 to $11.23. During the day the stock fluctuated 6.94% from a day low at $10.75 to a day high of $11.50. The price has risen in 5 of the last 10 days and is up by 35.63% over the past 2 weeks. Volume fell on the last day by -21 million shares and in total, 77 million shares were bought and sold for approximately $866.28 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $10.71, a level that may pose a second chance to hit a runner. According to fan-theory $15.26 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Signals & Forecast

The ContextLogic Inc. 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 $10.88 and $10.28. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, June 08, 2021, and so far it has fallen -3.44%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

ContextLogic Inc. finds support from accumulated volume at $11.09 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 $0.75 between high and low, or 6.94%. For the last week, the stock has had a daily average volatility of 12.96%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is ContextLogic Inc. stock A Buy?

ContextLogic 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: -1.201

Predicted Opening Price for ContextLogic Inc. of Friday, June 18, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price June 18, 2021 Current price
$11.16 $11.23 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On May 13, 2021 "Stifel Nicolaus" gave "Hold - Reduce" rating for WISH. The price target was changed from $20.00 to $12.00.

Volatility
12.96 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $11.27
Price: $11.23
Support: $11.09

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 11.91 6.04 %
11.62 3.50 %
11.45 1.93 %
Current price: 11.23
Support 10.88 -3.15 %
10.70 -4.72 %
10.41 -7.26 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 11.63 3.56 %
11.47 2.14 %
11.27 0.36 %
Current price 11.23
Support 11.09 -1.25%
10.69 -4.81%
10.60 -5.61%

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