Cool Holdings Inc. (AWSM)

Cool stock forecast: buy or sell

Cool stock outlook

  • Cool closed yesterday at $0.11 after skyrocketing a 10%.
  • From the chart point view, price is drawing a scaled uptrend since late March with higher tops and higher bottoms. This uptrend marked a 266.67% gain
  • Cool Holdings, Inc. markets and distributes various mobility, computing, audio/video, and other technology products.
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Please read:
The comments expressed in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have an understanding of the specific situations of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for educative purposes only

Cool stock chart overview

Should I buy Cool stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is AWSM stock a buy?

In the current situation of Cool there is just one buy setup eligible:

Uptrend buy setup

Cool stock continues to trend higher since in late March and has marked an amazing 266.67% gain. Price marked a local bottom in this uptrend at $0.06 on June 30, and since then it bounced off a 83.33%. Now, it's only 81.82% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $0.20. If you decide to enter this trade, the suggested stop loss is at $0.18

Buy setupBuy pointStop lossRisk
Uptrend buy setup$0.20$0.1810%
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Should I sell Cool stock?

When is it time to sell Cool stock?. Like when we have to buy shares, deciding when is appropiate to sell is not a whimsical decision, and we must follow our own trading style. When selling, as well as buying, detailed setups are very simple to follow and are only applicable for selling shares you already own, not for selling short Cool stock

As a golden rule, you should never mantain an investment that shows a higher than expected losses upon the buy. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Cool stock?

Currently, Cool stock doesn't match any of our preferred sell setups, so if you hold Cool shares and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Cool stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the last month for Cool

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Technical analysis

Cool stock started an uptrend in late March, and grew a gorgeous 266.67%. The price line shows higher peaks and higher lows, and along the way provided some buy points for those who wanted to invest. Latest low was on June 30, when price bounced at $0.06. Currently, it moves in a consolidation between its last top ($0.20) and its last bottom ($0.06)

SMAs overview

Moving averages are indicators for investors to gauge stock momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Investors use supports and resistances to spot price points in the stock price action that may behave as obstacles, preventing the price of an asset to move in certain direction. Supports are levels where the price tends to stop as it falls. Price is more likely to "rebound" this level rather than break through it. Nevertheless, if the price breaks down the support, it will probably continue descending until finding another support level. On the other side, resistances are where the price may find resistance as it moves up. In the same manner, this means that the price is more liable to "bounce off" at this level, and if it finally breaches this level, it will rally easily until it meets the next resistance

The current resistances are:

  • R1: $0.20 (81.82% above)
  • R2: $1.15 (945.45% above)
  • R3: $1.34 (1118.18% above)
  • The current supports are:

  • S1: $0.10 (-9.09% below)
  • S2: $0.08 (-27.27% below)
  • S3: $0.06 (-45.45% below)
  • Bollinger bands

    This is an indicator that was designed in the 1980s by John Bollinger. In essence, the Bollinger Bands are lines that move around a moving averagediffering in distance from the bottom to the top depending on market volatility. They are usually plotted by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price broke down the lower band on July 1, the price bounced off by 37.5%

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that gauges price movements to detect when the price of a share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI moves in a range between 0 and 100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for just one day (weak signal). The RSI value yesterday was 49.65. Cool price collapsed a 31.25% since then

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    Earnings and financials

    Cool Holdings Inc. (AWSM) posted adjusted EPS for the fiscal Q1 that matched analysts' expectations. Quarterly EPS was $0.00 per share versus $0.00. Reported sales were $0.00, in line with the market forecasts as well.

    Same quarter one year ago, reported EPS was $-0.46, so recently reported EPS means an increase of 100%. Looking at revenues, figures skyrocketed a 465.24% compared to $2.3M same quarter a year ago.

    Cool will host the earnings call on mid next August. Expected per-share earnings of %s for this quarter is $0.00. Financial reporting day has an additional risk for investors as the data provided can gap up or down the shares price with very low liquidity and not honouring your buy/stop-loss orders. Have a look company's website to confirm time and details on the earnings call and the earnings report.

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