Global Arena Holding Inc Stock Forecast

Global Arena Holding Inc stock price fell more than -25.00% Tuesday closing at $0.0003
(Updated on Jul 02, 2024)

GAHC Signals & Forecast

There are few to no technical positive signals at the moment. The Global Arena Holding 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 $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Global Arena Holding Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Global Arena Holding Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0003 and $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0003 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 6.67%.

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

Trading Expectations (GAHC) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Global Arena Holding Inc to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.00006073 (+/-20.24%) up or down from last closing price. If Global Arena Holding Inc takes out the full calculated possible swing range there will be an estimated 40.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0003 (13.33%) than the resistance at $0.0003 (13.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Global Arena Holding Inc stock A Buy?

The Global Arena Holding Inc stock holds several negative signals and despite the positive trend, we believe Global Arena Holding Inc will perform weakly in the next couple of days or weeks. Therefore, we 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 Strong Buy to a Sell candidate.

Current score: -3.781 Sell Candidate Downgraded

Predicted Opening Price for Global Arena Holding Inc of Wednesday, July 3, 2024

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