Cannabis Sativa Inc Stock Forecast
Cannabis Sativa Inc stock upgraded to Sell Candidate.
(Updated on Jun 25, 2024)
No changes to the price of Cannabis Sativa Inc stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0176 to a day high of $0.0176. The price has been going up and down for this period, and there has been a -16.19% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0167 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.18% during the next 3 months and, with a 90% probability hold a price between $0.0193 and $0.0309 at the end of this 3-month period.
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CBDS Signals & Forecast
There are few to no technical positive signals at the moment. The Cannabis Sativa Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0184 and $0.0205. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -29.03%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, June 03, 2024 and based on theory for this formation the price should fall by -21.40% to $0.0138 within 6 trading days since signal was issued (Tuesday, June 11, 2024).
Support, Risk & Stop-loss for Cannabis Sativa Inc stock
Cannabis Sativa Inc finds support from accumulated volume at $0.0170 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CBDS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Cannabis Sativa Inc to open at $0.0176, and during the day (based on 14 day Average True Range), to move between $0.0147 and $0.0205, which gives a possible trading interval of +/-$0.0029 (+/-16.69%) up or down from last closing price. If Cannabis Sativa Inc takes out the full calculated possible swing range there will be an estimated 33.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0170 (3.41%) than the resistance at $0.0185 (5.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cannabis Sativa Inc stock A Buy?
The Cannabis Sativa Inc stock holds several negative signals and despite the positive trend, we believe Cannabis Sativa Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.350 Sell Candidate Upgraded
Predicted Opening Price for Cannabis Sativa Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0176 ( 0%) | $0.0176 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBDS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0176 | - |
| R2 | 0.0176 | - |
| R1 | 0.0176 | - |
| Price | 0.0176 | |
| S1 | 0.0176 | - |
| S2 | 0.0176 | - |
| S3 | 0.0176 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0197 | 11.93% |
| R2 | 0.0189 | 7.39% |
| R1 | 0.0185 | 5.11% |
| Price | 0.0176 | |
| S1 | 0.0170 | -3.41% |
| S2 | 0.0165 | -6.25% |
| S3 | 0.0163 | -7.39% |
FAQ
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