CNEY Signals & Forecast
There are few to no technical positive signals at the moment. The CN Energy Group. Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.05 and $0.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 27, 2023, and so far it has fallen -77.88%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for CN Energy 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.
$0.480 $0.480
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 $0.0350 between high and low, or 7.73%. For the last week, the stock has had daily average volatility of 18.96%.
Trading Expectations (CNEY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect CN Energy Group. Inc. to open at $0.474, and during the day (based on 14 day Average True Range), to move between $0.202 and $0.758, which gives a possible trading interval of +/-$0.278 (+/-57.83%) up or down from last closing price. If CN Energy Group. Inc. takes out the full calculated possible swing range there will be an estimated 115.66% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0003 (0.06%) our system find the risk reward not very attractive.
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