Clean Diesel Technologies Stock Forecast

Clean Diesel Technologies stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)

CDTI Signals & Forecast

There are mixed signals in the stock today. The Clean Diesel Technologies stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.635. On a fall, the stock will find some support from the short-term average at $0.592. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen 0%. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, March 14, 2024 with a target of $0.646. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for Clean Diesel Technologies stock

Clean Diesel Technologies finds support from accumulated volume at $0.600 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 2.95%

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

Trading Expectations (CDTI) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Clean Diesel Technologies to open at $0.610, and during the day (based on 14 day Average True Range), to move between $0.573 and $0.647, which gives a possible trading interval of +/-$0.0375 (+/-6.14%) up or down from last closing price. If Clean Diesel Technologies takes out the full calculated possible swing range there will be an estimated 12.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.620 (1.64%) than the support at $0.600 (1.64%), 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 Clean Diesel Technologies stock A Buy?

Clean Diesel Technologies 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.476 Sell Candidate Downgraded

Predicted Opening Price for Clean Diesel Technologies of Friday, April 19, 2024

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