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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CLCFF
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Stronger technical forecast for Christina Lake Cannabis Corp. stock price after Friday trading.
(Updated on Jun 14, 2024)

Hold candidate since Jun 14, 2024 PDF

No changes to the price of Christina Lake Cannabis Corp. stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0250 to a day high of $0.0250. The price has been going up and down for this period, and there has been a -16.39% loss for the last 2 weeks.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0239 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.15% during the next 3 months and, with a 90% probability hold a price between $0.0202 and $0.0285 at the end of this 3-month period.

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CLCFF Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Christina Lake Cannabis Corp. 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 $0.0255 and $0.0291. A break-up above any of these levels will issue buy signals. 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.

Support, Risk & Stop-loss for Christina Lake Cannabis 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.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%

Our recommended stop-loss: $0.0235 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (CLCFF) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Christina Lake Cannabis Corp. to open at $0.0250, and during the day (based on 14 day Average True Range), to move between $0.0239 and $0.0261, which gives a possible trading interval of +/-$0.0011 (+/-4.24%) up or down from last closing price. If Christina Lake Cannabis Corp. takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0270, some $0.0020 (8.00%) from the current price of $0.0250, our system finds the risk reward not very attractive.

Is Christina Lake Cannabis Corp. stock A Buy?

Christina Lake Cannabis Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Christina Lake Cannabis Corp. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$0.0250 ( 0.00000000%) $0.0250

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

Trading levels for CLCFF

Fibonacci Support & Resistance Levels

Level Price
R3 0.0250 0.00000000%
R2 0.0250 0.00000000%
R1 0.0250 0.00000000%
Price 0.0250
S1 0.0250 0.00000000%
S2 0.0250 0.00000000%
S3 0.0250 0.00000000%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0308 23.20%
R2 0.0294 17.40%
R1 0.0270 8.00%
Price 0.0250
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Christina Lake Cannabis Corp. Stock and on which exchange is it traded?
The symbol for Christina Lake Cannabis Corp. is CLCFF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Christina Lake Cannabis Corp. Stock?
Christina Lake Cannabis Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Christina Lake Cannabis Corp. Stock?
Christina Lake Cannabis Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Christina Lake Cannabis Corp. Stock.

What's the current price of Christina Lake Cannabis Corp. Stock?
As of the end of day on the Jun 14, 2024, the price of an Christina Lake Cannabis Corp. (CLCFF) share was $0.0250.

What is the 52-week high and low for Christina Lake Cannabis Corp. Stock?
The 52-week high for Christina Lake Cannabis Corp. Stock is $0.0814 and the 52-week low is $0.0182.

What is the market capitalization of Christina Lake Cannabis Corp. Stock?
As of the Jun 14, 2024, the market capitalization of Christina Lake Cannabis Corp. is 3.173M.

When is the next earnings date for Christina Lake Cannabis Corp.?
The upcoming earnings date for Christina Lake Cannabis Corp. is Jul 30, 2024.
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About Christina Lake Cannabis Corp.

Christina Lake Cannabis . Christina Lake Cannabis Corp. engages in growing, harvesting, processing, and selling cannabis products in the British Columbia, Canada. It offers cannabis oil, hemp oil, and other hemp and cannabis derived products, as well as distillate oils. The company was formerly known as Cervantes Capital Corp. and changed its name to Christina Lake Cannabis Corp. in December 2018. Christina Lake Cannabis Corp. was incorporated in 2014 and is headquartered... CLCFF Profile

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