Cosmos Holdings, Inc. Stock Forecast

A very strong day for Cosmos Holdings, Inc. stock price on Tuesday
(Updated on May 14, 2024)

COSM Signals & Forecast

Mostly positive signals in the chart today. The Cosmos Holdings, 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 $0.689 and $0.658. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 54.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Cosmos Holdings, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Cosmos Holdings, Inc. stock

Cosmos Holdings, Inc. finds support from accumulated volume at $0.740 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 $0.0642 between high and low, or 9.04%. For the last week, the stock has had daily average volatility of 6.86%.

The Cosmos Holdings, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $0.724 (-3.34%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (COSM) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Cosmos Holdings, Inc. to open at $0.744, and during the day (based on 14 day Average True Range), to move between $0.695 and $0.80, which gives a possible trading interval of +/-$0.0535 (+/-7.15%) up or down from last closing price. If Cosmos Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 14.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.740 (1.19%) than the resistance at $0.770 (2.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Cosmos Holdings, Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.711 Buy Candidate Upgraded

Predicted Opening Price for Cosmos Holdings, Inc. of Wednesday, May 15, 2024

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