Ayurcann Holdings Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Ayurcann Holdings Corp. stock price on Thursday moving 126.67% between high and low
(Updated on Jun 27, 2024)
The Ayurcann Holdings Corp. stock price gained 87.50% on the last trading day (Thursday, 27th Jun 2024), rising from $0.0400 to $0.0750. During the last trading day the stock fluctuated 126.67% from a day low at $0.0750 to a day high of $0.170. The price has been going up and down for this period, and there has been a 66.67% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 274 thousand more shares were traded than the day before. In total, 463 thousand shares were bought and sold for approximately $34.73 thousand.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.0562, a level that may pose a second chance to hit a runner. According to fan-theory $0.0858 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AYUR.CN Signals & Forecast
The Ayurcann Holdings Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0414 and $0.0410. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 114.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ayurcann Holdings Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ayurcann Holdings Corp. 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.
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 $0.0950 between high and low, or 126.67%. For the last week, the stock has had daily average volatility of 34.02%.
Our recommended stop-loss: $0.0723 (-3.64%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (AYUR.CN) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ayurcann Holdings Corp. to open at $0.107, and during the day (based on 14 day Average True Range), to move between $0.0580 and $0.0920, which gives a possible trading interval of +/-$0.0170 (+/-22.67%) up or down from last closing price. If Ayurcann Holdings Corp. takes out the full calculated possible swing range there will be an estimated 45.34% move between the lowest and the highest trading price during the day.
Is Ayurcann Holdings Corp. stock A Buy?
Ayurcann Holdings Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ayurcann Holdings Corp. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.107 ( 42.22%) | $0.0750 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYUR.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.202 | 168.89% |
| R2 | 0.165 | 120.50% |
| R1 | 0.143 | 90.61% |
| Price | 0.0750 | |
| S1 | 0.0704 | -6.16% |
| S2 | 0.0480 | -36.06% |
| S3 | 0.0117 | -84.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0750 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Ayurcann Holdings Corp. Stock.
