CBD Unlimited, Inc. Stock Forecast
Big movements in CBD Unlimited, Inc. stock price on Monday moving 27.66% between high and low
(Updated on Jun 17, 2024)
The CBD Unlimited, Inc. stock price fell by -4.76% on the last day (Monday, 17th Jun 2024) from $0.0189 to $0.0180. During the last trading day the stock fluctuated 27.66% from a day low at $0.0141 to a day high of $0.0180. The price has fallen in 5 of the last 10 days but is still up by 25.52% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 95 thousand shares were bought and sold for approximately $1.71 thousand.
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 -35.56% during the next 3 months and, with a 90% probability hold a price between $0.0074 and $0.0129 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EDXC Signals & Forecast
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. The CBD Unlimited, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0185. On a fall, the stock will find some support from the short-term average at $0.0155. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -7.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CBD Unlimited, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0170 and $0.0161. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CBD Unlimited, Inc. finds support just below today's level at $0.0170. If this is broken, then the next support from accumulated volume will be at $0.0161 and $0.0151.
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 $0.0039 between high and low, or 27.66%. For the last week the stock has had daily average volatility of 22.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDXC) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect CBD Unlimited, Inc. to open at $0.0167, and during the day (based on 14 day Average True Range), to move between $0.0142 and $0.0218, which gives a possible trading interval of +/-$0.0038 (+/-21.32%) up or down from last closing price. If CBD Unlimited, Inc. takes out the full calculated possible swing range there will be an estimated 42.64% 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 (5.56%) than the resistance at $0.0197 (9.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CBD Unlimited, Inc. stock A Buy?
CBD Unlimited, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.838 Sell Candidate Downgraded
Predicted Opening Price for CBD Unlimited, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0167 ( 7.22%) | $0.0180 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDXC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0206 | 14.44% |
| R2 | 0.0191 | 6.17% |
| R1 | 0.0182 | 1.05% |
| Price | 0.0180 | |
| S1 | 0.0152 | -15.50% |
| S2 | 0.0143 | -20.61% |
| S3 | 0.0128 | -28.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0220 | 22.22% |
| R2 | 0.0208 | 15.67% |
| R1 | 0.0197 | 9.44% |
| Price | 0.0180 | |
| S1 | 0.0170 | -5.56% |
| S2 | 0.0161 | -10.56% |
| S3 | 0.0151 | -16.11% |
FAQ
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