Delta 9 Cannabis Inc. Stock Forecast
Stronger technical forecast for Delta 9 Cannabis Inc. stock price after Monday trading.
(Updated on Jun 17, 2024)
No changes to the price of Delta 9 Cannabis Inc. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0150 to a day high of $0.0150. The price has been going up and down for this period, and there has been a -25% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.62% during the next 3 months and, with a 90% probability hold a price between $0.0035 and $0.0174 at the end of this 3-month period.
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DN.TO Signals & Forecast
There are mixed signals in the stock today. The Delta 9 Cannabis 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 $0.0157 and $0.0206. A break-up above any of these levels will issue buy signals. 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 buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Delta 9 Cannabis 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 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 26.67%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DN.TO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Delta 9 Cannabis Inc. to open at $0.0150, and during the day (based on 14 day Average True Range), to move between $0.0099 and $0.0201, which gives a possible trading interval of +/-$0.0051 (+/-33.93%) up or down from last closing price. If Delta 9 Cannabis Inc. takes out the full calculated possible swing range there will be an estimated 67.87% move between the lowest and the highest trading price during the day.
Is Delta 9 Cannabis Inc. stock A Buy?
Delta 9 Cannabis Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.840 Sell Candidate Upgraded
Predicted Opening Price for Delta 9 Cannabis Inc. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0150 ( 0%) | $0.0150 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DN.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0150 | - |
R2 | 0.0150 | - |
R1 | 0.0150 | - |
Price | 0.0150 | |
S1 | 0.0150 | - |
S2 | 0.0150 | - |
S3 | 0.0150 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 0.0150 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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