Complete Production Services, Inc Stock Forecast
Red day on Thursday for Complete Production Services, Inc stock after losing 0%
(Updated on Apr 18, 2024)
No changes to the price of Complete Production Services, Inc stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £0.100 to a day high of £0.100. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock 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 £0.143 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.
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CPX.L Signals & Forecast
There are mixed signals in the stock today. The Complete Production Services, Inc stock 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 £0.100 and £0.220. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Complete Production Services, Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.0800. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.
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 0%
Our recommended stop-loss: £0.0940 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (CPX.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Complete Production Services, Inc to open at £0.100, and during the day (based on 14 day Average True Range), to move between £0.0668 and £0.133, which gives a possible trading interval of +/-£0.0332 (+/-33.24%) up or down from last closing price. If Complete Production Services, Inc takes out the full calculated possible swing range there will be an estimated 66.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.103 (2.50%) than the support at £0.0800 (20.00%), 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 Complete Production Services, Inc stock A Buy?
Complete Production Services, Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Complete Production Services, Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £0.100 ( 0.00000000%) | £0.100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPX.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.100 | 0.00000000 % | |
| R2 | 0.100 | 0.00000000 % | ||
| R1 | 0.100 | 0.00000000 % | ||
| Current price: | 0.100 | |||
| Support | S1 | 0.100 | 0.00000000 % | |
| S2 | 0.100 | 0.00000000 % | ||
| S3 | 0.100 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.116 | 16.00 % | ||
| R1 | 0.103 | 2.50 % | ||
| Current price | 0.100 | |||
| Support | S1 | 0.0800 | -20.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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