Coretec Group Inc Stock Forecast
Big movements in Coretec Group Inc stock price on Wednesday moving 26.74% between high and low
(Updated on Apr 24, 2024)
The Coretec Group Inc stock price fell by -17.71% on the last day (Wednesday, 24th Apr 2024) from $0.0140 to $0.0115. During the last trading day the stock fluctuated 26.74% from a day low at $0.0115 to a day high of $0.0146. The price has fallen in 5 of the last 10 days and is down by -39.69% for this period. Volume has increased on the last day by 105 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 364 thousand shares were bought and sold for approximately $4.20 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0057 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.13% during the next 3 months and, with a 90% probability hold a price between $0.0045 and $0.0411 at the end of this 3-month period.
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CRTG Signals & Forecast
There are few to no technical positive signals at the moment. The Coretec Group 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 $0.0156 and $0.0185. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -80.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Coretec Group Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Coretec Group Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0031 between high and low, or 26.74%. For the last week, the stock has had daily average volatility of 34.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRTG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Coretec Group Inc to open at $0.0125, and during the day (based on 14 day Average True Range), to move between $0.0071 and $0.0160, which gives a possible trading interval of +/-$0.0044 (+/-38.50%) up or down from last closing price. If Coretec Group Inc takes out the full calculated possible swing range there will be an estimated 77.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0140, some $0.0025 (21.53%) from the current price of $0.0115, our system finds the risk reward not very attractive.
Is Coretec Group Inc stock A Buy?
Coretec 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.
Current score: -6.655 Strong Sell Candidate Unchanged
Predicted Opening Price for Coretec Group Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.0125 ( 8.91%) | $0.0115 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRTG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0156 | 35.65 % | |
| R2 | 0.0145 | 25.43 % | ||
| R1 | 0.0137 | 19.13 % | ||
| Current price: | 0.0115 | |||
| Support | S1 | 0.0114 | -1.30 % | |
| S2 | 0.0106 | -7.61 % | ||
| S3 | 0.0095 | -17.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0140 | 21.53 % | ||
| Current price | 0.0115 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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