Bruush Oral Care Inc. Stock Forecast
High volatility in Bruush Oral Care Inc. stock price on Tuesday which ended trading at $0.0673
(Updated on May 07, 2024)
The Bruush Oral Care Inc. stock price fell by -9.05% on the last day (Tuesday, 7th May 2024) from $0.0740 to $0.0673. During the last trading day the stock fluctuated 13.98% from a day low at $0.0658 to a day high of $0.0750. The price has risen in 6 of the last 10 days and is up by 37.91% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 5 million shares were bought and sold for approximately $321.78 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0736 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.91% during the next 3 months and, with a 90% probability hold a price between $0.0297 and $0.0560 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BRSH Signals & Forecast
The Bruush Oral Care Inc. 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 $0.0650 and $0.0539. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -9.05%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Bruush Oral Care Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0621 and $0.0609. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bruush Oral Care Inc. finds support just below today's level at $0.0621. If this is broken, then the next support from accumulated volume will be at $0.0609 and $0.0590.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0092 between high and low, or 13.98%. For the last week the stock has had daily average volatility of 22.38%.
Our recommended stop-loss: $0.0635 (-5.60%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BRSH) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Bruush Oral Care Inc. to open at $0.0694, and during the day (based on 14 day Average True Range), to move between $0.0585 and $0.0761, which gives a possible trading interval of +/-$0.0088 (+/-13.11%) up or down from last closing price. If Bruush Oral Care Inc. takes out the full calculated possible swing range there will be an estimated 26.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0703 (4.46%) than the support at $0.0621 (7.73%), 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 Bruush Oral Care Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.165 Buy Candidate Unchanged
Predicted Opening Price for Bruush Oral Care Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0694 ( 3.07%) | $0.0673 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0786 | 16.74 % | |
| R2 | 0.0751 | 11.52 % | ||
| R1 | 0.0729 | 8.29 % | ||
| Current price: | 0.0673 | |||
| Support | S1 | 0.0659 | -2.15 % | |
| S2 | 0.0637 | -5.38 % | ||
| S3 | 0.0602 | -10.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0820 | 21.84 % | |
| R2 | 0.0740 | 9.96 % | ||
| R1 | 0.0703 | 4.46 % | ||
| Current price | 0.0673 | |||
| Support | S1 | 0.0621 | -7.73% | |
| S2 | 0.0609 | -9.51% | ||
| S3 | 0.0590 | -12.33% |
FAQ
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