CNEY Should I Buy

Not a good buy right now for a beginner long-term investor with $50k–$100k (and impatient about timing). The stock is trading below $1 and has an active Nasdaq delisting risk after multiple reverse splits that hurt liquidity—this is a major structural overhang that can pressure price and limit institutional participation. Despite a short-term bullish MACD, the near-term probability skew provided is slightly negative to flat, and the event risk dominates the setup. I would avoid buying; if already holding, I would exit rather than average down.

Trend/Setup: Price is $0.8151 (regular session -3.36%) with a sharp pre-market drop (-12.05%), signaling weak near-term demand. Momentum: MACD histogram +0.0559 and expanding suggests improving short-term momentum, but RSI(6) ~69 is near the upper end of neutral and close to overbought, which often precedes pullbacks in low-priced names. Moving Averages: Converging MAs imply no stable long-term trend—more chop/uncertainty than a clean uptrend. Levels: Pivot 0.643 (key line to hold). Resistance R1 0.893 and R2 1.048 (the $1 area is also psychologically and compliance-critical). Support S1 0.393. Probability (pattern-based): 60% chance of -1.52% next day, -1.87% next week, ~0.05% next month—edge is not favorable for immediate entry. **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): no signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.