Acreage Holdings, Inc. Stock Forecast

Volatile ride for Acreage Holdings, Inc. stock price on Friday moving between $0.300 and $0.415
(Updated on Apr 26, 2024)

ACRHF Signals & Forecast

There are few to no technical positive signals at the moment. The Acreage Holdings, 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 $0.413 and $0.366. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -48.95%. 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). Acreage Holdings, 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 Acreage Holdings, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.250. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $0.115 between high and low, or 38.33%. For the last week, the stock has had daily average volatility of 19.18%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ACRHF) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Acreage Holdings, Inc. to open at $0.344, and during the day (based on 14 day Average True Range), to move between $0.231 and $0.403, which gives a possible trading interval of +/-$0.0863 (+/-27.22%) up or down from last closing price. If Acreage Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 54.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.325 (2.52%) than the support at $0.250 (21.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Acreage Holdings, Inc. stock A Buy?

The Acreage Holdings, Inc. stock holds several negative signals and despite the positive trend, we believe Acreage Holdings, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.

Current score: -5.844 Strong Sell Candidate Downgraded

Predicted Opening Price for Acreage Holdings, Inc. of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.