American Green, Inc. Stock Forecast

Big movements in American Green, Inc. stock price on Monday moving 20.00% between high and low
(Updated on Jun 17, 2024)

ERBB Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Green, 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 $0.0005 and $0.0005. 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 10, 2024, and so far it has fallen -16.67%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for American Green, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0005 and $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0004 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 4.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ERBB) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect American Green, Inc. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0006, which gives a possible trading interval of +/-$0.0001 (+/-23.11%) up or down from last closing price. If American Green, Inc. takes out the full calculated possible swing range there will be an estimated 46.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0006 (10.00%) than the support at $0.0005 (10.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is American Green, Inc. stock A Buy?

The American Green, Inc. stock holds several negative signals and despite the positive trend, we believe American Green, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.594 Sell Candidate Unchanged

Predicted Opening Price for American Green, Inc. of Tuesday, June 18, 2024

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