Cellectar Biosciences Inc Wt Ser A2 Exp Stock Forecast

Volatile ride for Cellectar Biosciences Inc Wt Ser A2 Exp stock price on Friday moving between $0.0800 and $0.0978
(Updated on Feb 07, 2020)

CLRBZ Signals & Forecast

There are few to no technical positive signals at the moment. The Cellectar Biosciences Inc Wt Ser A2 Exp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.115 and $0.0968. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 04, 2020, and so far it has fallen -35.54%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Cellectar Biosciences Inc Wt Ser A2 Exp stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0178 between high and low, or 22.25%. For the last week the stock has had daily average volatility of 32.58%

Our recommended stop-loss: $0.0751 (-6.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CLRBZ) For The Upcoming Trading Day Of Monday 10th

For the upcoming trading day on Monday, 10th we expect Cellectar Biosciences Inc Wt Ser A2 Exp 04/08/2021 to open at $0.0859, and during the day (based on 14 day Average True Range), to move between $0.0379 and $0.122, which gives a possible trading interval of +/-$0.0421 (+/-52.60%) up or down from last closing price. If Cellectar Biosciences Inc Wt Ser A2 Exp 04/08/2021 takes out the full calculated possible swing range there will be an estimated 105.21% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0927, some $0.0127 (15.93%) from the current price of $0.0800, our system finds the risk reward not very attractive.

Is Cellectar Biosciences Inc Wt Ser A2 Exp 04/08/2021 stock A Buy?

Cellectar Biosciences Inc Wt Ser A2 Exp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Cellectar Biosciences Inc Wt Ser A2 Exp 04/08/2021 of Monday, February 10, 2020

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