Cobalt International Energy Inc Fund Forecast
Red day on Tuesday for Cobalt International Energy Inc
(Updated on Jan 16, 2018)
No changes to the price of Cobalt International Energy Inc fund on the last trading day (Tuesday, 16th Jan 2018). During the last trading day the fund fluctuated 0% from a day low at $0.380 to a day high of $0.380. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.472 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
CIE 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 Cobalt International Energy Inc fund 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 $0.380 and $0.408. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, January 15, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Cobalt International Energy Inc fund
Cobalt International Energy Inc finds support from accumulated volume at $0.376 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIE) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Cobalt International Energy Inc to open at $0.380, and during the day (based on 14 day Average True Range), to move between $0.362 and $0.398, which gives a possible trading interval of +/-$0.0182 (+/-4.80%) up or down from last closing price. If Cobalt International Energy Inc takes out the full calculated possible swing range there will be an estimated 9.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.382 (0.63%) than the support at $0.376 (1.03%), 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 Cobalt International Energy Inc fund A Buy?
Cobalt International Energy 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 fund.
Current score: -3.316 Sell Candidate Unchanged
Predicted Opening Price for Cobalt International Energy Inc of Wednesday, January 17, 2018
| Fair opening price January 17, 2018 | Current price |
|---|---|
| $0.380 ( 0.00000000%) | $0.380 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.380 | 0.00000000 % | |
| R2 | 0.380 | 0.00000000 % | ||
| R1 | 0.380 | 0.00000000 % | ||
| Current price: | 0.380 | |||
| Support | S1 | 0.380 | 0.00000000 % | |
| S2 | 0.380 | 0.00000000 % | ||
| S3 | 0.380 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.450 | 18.42 % | |
| R2 | 0.430 | 13.05 % | ||
| R1 | 0.382 | 0.632 % | ||
| Current price | 0.380 | |||
| Support | S1 | 0.376 | -1.03% | |
| S2 | 0.374 | -1.58% | ||
| S3 | 0 | . |
FAQ
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