Bullish vs. Bearish (5 opinions)
Social Sentiment 0.07
CRON Forecast and Technical Stock Analysis
Sell candidate since 2019-09-11 Loss -31.85% PDF
Cronos Group Inc gained 0.25% in the last trading day ( Monday, 14th Oct 2019 ), rising from $7.85 to $7.87 During the day the stock fluctuated 7.43% from a day low at $7.40 to a day high of $7.95. The price has fallen in 7 of the last 10 days and is down by -13.09% for this period. Volume fell in the last day by -1.64 million shares and in total, 3.98 million shares bought and sold for approximately $31.27 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the CRON stock price was $11.77 and low was $7.40.
- 90 day high was $15.69 and low was $7.40.
- 52 week high for Cronos Group Inc - $25.10 and low - $6.50.
Cronos Group Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -43.69% during the next 3 months and, with 90% probability hold a price between $3.97 and $5.18 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday October 11, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Cronos Group Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $8.38 and $10.16. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Cronos Group Inc finds support from accumulated volume at $7.85.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.55 between high and low, or 7.43%. For the last week, the stock has had a daily average volatility of 5.89%.
Cronos Group Inc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
5.89 %Average volatility
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Cronos Group 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 stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
|CRON $7.87 ($0.02 0.25%)|
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