Ayurcann Holdings Corp. Stock Forecast

Volatile ride for Ayurcann Holdings Corp. stock price on Friday moving between $0.0350 and $0.0400
(Updated on Jun 21, 2024)

AYUR.CN Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ayurcann Holdings Corp. 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 $0.0414 and $0.0399. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -36.36%. 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).

Support, Risk & Stop-loss for Ayurcann Holdings Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0300. 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 $0.0050 between high and low, or 14.29%. For the last week, the stock has had daily average volatility of 11.07%.

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

Trading Expectations (AYUR.CN) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Ayurcann Holdings Corp. to open at $0.0367, and during the day (based on 14 day Average True Range), to move between $0.0259 and $0.0441, which gives a possible trading interval of +/-$0.0091 (+/-26.02%) up or down from last closing price. If Ayurcann Holdings Corp. takes out the full calculated possible swing range there will be an estimated 52.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0400 (14.29%) than the support at $0.0300 (14.29%), 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 Ayurcann Holdings Corp. stock A Buy?

The Ayurcann Holdings Corp. stock holds several negative signals and despite the positive trend, we believe Ayurcann Holdings Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -5.649 Strong Sell Candidate Unchanged

Predicted Opening Price for Ayurcann Holdings Corp. of Monday, June 24, 2024

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