Stronger Sell Today CRON ranks #4842 as SELL CANDIDATE. Weaker Sell
Today CRON ranks #4842 as SELL CANDIDATE.

CRON stock Cronos Group Inc

CRON stock
Cronos Group Inc

April 23, 2019
Change -3.44%
Chart period: 2019-01-24 - 2019-04-23
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Social Sentiment for CRON

Today's data is from 120 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
78%
22%
Weighted Sentiment 0.13

Will CRON stock price go up or down on Thu, 25 Apr 2019?

Cronos Group Inc Forecast and Stock Analysis

Technical CRON stock analysis for April 23, 2019.

Sell candidate since 2019-04-23
Shorts n/a
Cash n/a
Loans n/a
Beta 3.04
ROA -10.37

Cronos Group Inc fell by -3.44% in the last day from $16.86 to $16.28 The price has risen in 6 of the last 10 days , but is still down by -7.29% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.89 million shares and in total 6.46 million shares bought and sold for approximately $105.17 million.

Close price at the end of the last trading day (Tuesday, 23rd Apr 2019) of the CRON stock was $16.28. This is 3.44% less than the trading day before Monday, 22nd Apr 2019.

During day the stock fluctuated 5.30% from a day low at $16.05 to a day high of $16.90.

30 day high of the CRON stock price was $21.10 and low was $15.47.
90 day high was $25.10 and low was $14.09.
52 week high for the Cronos Group Inc - $25.10 and low - $5.50.

Trend

Cronos Group Inc lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $15.64 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.00% during the next 3 months and, with 90% probability hold a price between $13.61 and $19.03 at the end of this period.

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Signals

Some negative signals were issued as well, and these may have some influence on the near short-term development. Cronos Group Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $19.19. On a fall, the stock will find some support from the short-term average at $16.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Monday April 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Cronos Group Inc finds support from accumulated volume at $16.02.

Support: $16.02 Price: $16.28 Resistance: $18.15

Risk

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 $0.85 between high and low, or 5.30%. For the last week, the stock has had a daily average volatility of 6.43%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

Cronos Group Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Stronger Sell Today CRON ranks #4842 as SELL CANDIDATE. Weaker Sell
Today CRON ranks #4842 as SELL CANDIDATE.