CBD Life Sciences Inc. Stock Forecast
High volatility in CBD Life Sciences Inc. stock price on Friday which ended trading at $0.0067
(Updated on May 24, 2024)
The CBD Life Sciences Inc. stock price gained 6,600.00% on the last trading day (Friday, 24th May 2024), rising from $0.0001 to $0.0067. During the last trading day the stock fluctuated 376.81% from a day low at $0.0047 to a day high of $0.0224. The price has been going up and down for this period, and there has been a 6600% 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, 2 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $12.97 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 $0.0007, a level that may pose a second chance to hit a runner.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CBDL Signals & Forecast
The CBD Life Sciences 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 $0.0010 and $0.0003. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 669,900.00%. 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). CBD Life Sciences 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.
Support, Risk & Stop-loss for CBD Life Sciences Inc. 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.
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 $0.0177 between high and low, or 376.81%. For the last week the stock has had daily average volatility of 75.36%.
Our recommended stop-loss: $0.0064 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (CBDL) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect CBD Life Sciences Inc. to open at $0.0113, and during the day (based on 14 day Average True Range), to move between $0.0051 and $0.0083, which gives a possible trading interval of +/-$0.0016 (+/-24.02%) up or down from last closing price. If CBD Life Sciences Inc. takes out the full calculated possible swing range there will be an estimated 48.03% move between the lowest and the highest trading price during the day.
Is CBD Life Sciences Inc. stock A Buy?
CBD Life Sciences 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 CBD Life Sciences Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $0.0113 ( 68.21%) | $0.0067 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBDL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0290 | 332.54 % | |
| R2 | 0.0222 | 231.56 % | ||
| R1 | 0.0180 | 169.18 % | ||
| Current price: | 0.0067 | |||
| Support | S1 | 0.0045 | -32.76 % | |
| S2 | 0.0003 | -95.15 % | ||
| S3 | -0.0064 | -196.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0067 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy CBD Life Sciences Inc. Stock.
