Bruush Oral Care Inc. Stock Forecast

Big movements in Bruush Oral Care Inc. stock price on Monday moving 46.15% between high and low
(Updated on Jun 17, 2024)

BRSHW Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 25.40%. Further rise is indicated until a new top pivot has been found. Bruush Oral Care Inc. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bruush Oral Care Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0652. On a fall, the stock will find some support from the short-term average at $0.0075. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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 $0.0071 and $0.0070. 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 $0.0071. If this is broken, then the next support from accumulated volume will be at $0.0070 and $0.0063.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0030 between high and low, or 46.15%. For the last week the stock has had daily average volatility of 21.82%.

Our recommended stop-loss: $0.0076 (-4.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (BRSHW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Bruush Oral Care Inc. to open at $0.0080, and during the day (based on 14 day Average True Range), to move between $0.0037 and $0.0121, which gives a possible trading interval of +/-$0.0042 (+/-53.53%) 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 107.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0083 (5.06%) than the support at $0.0071 (10.13%), 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?

Bruush Oral Care Inc. 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 Bruush Oral Care Inc. of Tuesday, June 18, 2024

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