Charles & Colvard Ltd Stock Forecast
Charles & Colvard Ltd stock price down 1.16% on Thursday
(Updated on Apr 18, 2024)
The Charles & Colvard Ltd stock price fell by -1.16% on the last day (Thursday, 18th Apr 2024) from $0.345 to $0.341. During the last trading day the stock fluctuated 5.81% from a day low at $0.339 to a day high of $0.359. The price has fallen in 6 of the last 10 days but is still up by 1.85% over the past 2 weeks. Volume has increased on the last day by 2 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, 27 thousand shares were bought and sold for approximately $9.36 thousand.
The stock lies in the middle of a 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 -23.06% during the next 3 months and, with a 90% probability hold a price between $0.225 and $0.278 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CTHR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 13.70%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Charles & Colvard Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.343. On a fall, the stock will find some support from the short-term average at $0.319. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Charles & Colvard Ltd 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 Charles & Colvard Ltd stock
Charles & Colvard Ltd finds support from accumulated volume at $0.339 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0197 between high and low, or 5.81%. For the last week, the stock has had daily average volatility of 8.36%.
Our recommended stop-loss: $0.331 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CTHR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Charles & Colvard Ltd to open at $0.346, and during the day (based on 14 day Average True Range), to move between $0.315 and $0.367, which gives a possible trading interval of +/-$0.0262 (+/-7.69%) up or down from last closing price. If Charles & Colvard Ltd takes out the full calculated possible swing range there will be an estimated 15.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.339 (0.76%) than the resistance at $0.352 (3.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Charles & Colvard Ltd stock A Buy?
Charles & Colvard Ltd 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: -0.207 Hold/Accumulate Unchanged
Predicted Opening Price for Charles & Colvard Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.346 ( 1.57%) | $0.341 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTHR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.366 | 7.35 % | |
| R2 | 0.359 | 5.14 % | ||
| R1 | 0.354 | 3.78 % | ||
| Current price: | 0.341 | |||
| Support | S1 | 0.339 | -0.633 % | |
| S2 | 0.334 | -2.00 % | ||
| S3 | 0.327 | -4.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.377 | 10.50 % | |
| R2 | 0.359 | 5.25 % | ||
| R1 | 0.352 | 3.05 % | ||
| Current price | 0.341 | |||
| Support | S1 | 0.339 | -0.762% | |
| S2 | 0.303 | -11.17% | ||
| S3 | 0.302 | -11.46% |
CTHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2007 | May 29, 2007 | Jun 15, 2007 | $0.0800 | 1.66% |
| 2 | Apr 18, 2006 | May 26, 2006 | Jun 15, 2006 | $0.0800 | 0.773% |
| 3 | May 25, 2005 | Jun 28, 2005 | Jul 15, 2005 | $0.0400 | 0.193% |
FAQ
Click here for our free guide on how to buy Charles & Colvard Ltd Stock.
