Canntrust Holdings Stock Forecast
A very strong day for Canntrust Holdings stock price on Friday
(Updated on May 03, 2024)
The Canntrust Holdings stock price gained 9,900.00% on the last trading day (Friday, 3rd May 2024), rising from $0.000001 to $0.0001. During the last trading day the stock fluctuated 0% from a day low at $0.0001 to a day high of $0.0001. The price has been going up and down for this period, and there has been a 9900% gain for the last 2 weeks. Volume fell on the last day by -565 shares and in total, 935 shares were bought and sold for approximately $0.0935 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $0.0001 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Canntrust Holdings stock with a 90% probability to be traded between $0.00000184 and $0.0001 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CNTTQ Signals & Forecast
The Canntrust Holdings 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 $0.00001514 and $0.00000383. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 09, 2024, and so far it has risen 9,900.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Canntrust Holdings 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: $0.0000965 (-3.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 58 days ago.)
Trading Expectations (CNTTQ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Canntrust Holdings to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00008717 and $0.0001, which gives a possible trading interval of +/-$0.00001283 (+/-12.83%) up or down from last closing price. If Canntrust Holdings takes out the full calculated possible swing range there will be an estimated 25.66% move between the lowest and the highest trading price during the day.
Is Canntrust Holdings stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Canntrust Holdings stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.933 Buy Candidate Upgraded
Predicted Opening Price for Canntrust Holdings of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0001 ( 0%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNTTQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0001 | . | |
| R2 | 0.0001 | . | ||
| R1 | 0.0001 | . | ||
| Current price: | 0.0001 | |||
| Support | S1 | 0.0001 | . | |
| S2 | 0.0001 | . | ||
| S3 | 0.0001 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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