Cronos Group Inc Forecast and Stock Analysis
Technical CRON stock analysis for February 15, 2019.
Cronos Group Inc gained 2.26% in the last trading day, rising from $20.82 to $21.29 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 2.31% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.09 million more shares were traded than the day before. In total, 15.99 million shares bought and sold for approximately $340.44 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the CRON stock was $21.29. This is 2.26% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 4.75% from a day low at $20.85 to a day high of $21.84.
30 day high of the CRON stock price was $25.10 and low was $12.92.
90 day high was $25.10 and low was $7.70.
52 week high for the Cronos Group Inc - $25.10 and low - $5.12.
Cronos Group Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 110.36% during the next 3 months and, with 90% probability hold a price between $37.96 and $53.09 at the end of this period.
Only positive signals in the chart today. Cronos Group Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $20.38 and $16.10. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Cronos Group Inc finds support from accumulated volume at $20.81.
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 $0.99 between high and low, or 4.75%. For the last week, the stock has had a daily average volatility of 5.89%.
Our recommended stoploss: $20.12 (-5.51%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 4 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.