Global Li-Ion Graphite Corp. Stock Forecast
Big movements in Global Li-Ion Graphite Corp. stock price on Monday moving 57.30% between high and low
(Updated on May 06, 2024)
The Global Li-Ion Graphite Corp. stock price gained 100.00% on the last trading day (Monday, 6th May 2024), rising from $0.0140 to $0.0280. During the last trading day the stock fluctuated 57.30% from a day low at $0.0178 to a day high of $0.0280. The price has been going up and down for this period, and there has been a 76.1% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $686.00 .
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.0218, a level that may pose a second chance to hit a runner. According to fan-theory $0.0310 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GBBGF Signals & Forecast
Mostly positive signals in the chart today. The Global Li-Ion Graphite Corp. 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 $0.0178 and $0.0156. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 100.00%. 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). Global Li-Ion Graphite Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Global Li-Ion Graphite Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0213. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ 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 $0.0102 between high and low, or 57.30%. For the last week, the stock has had daily average volatility of 16.93%.
Our recommended stop-loss: $0.0270 (-3.60%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (GBBGF) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Global Li-Ion Graphite Corp. to open at $0.0246, and during the day (based on 14 day Average True Range), to move between $0.0249 and $0.0311, which gives a possible trading interval of +/-$0.0031 (+/-11.19%) up or down from last closing price. If Global Li-Ion Graphite Corp. takes out the full calculated possible swing range there will be an estimated 22.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0213, some $0.0067 (23.93%) from the current price of $0.0280, our system finds the risk reward attractive.
Is Global Li-Ion Graphite Corp. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Global Li-Ion Graphite Corp. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Strong Buy candidate.
Current score: 8.438 Strong Buy Candidate Upgraded
Predicted Opening Price for Global Li-Ion Graphite Corp. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.0246 ( 12.14%) | $0.0280 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBBGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0348 | 24.29 % | |
| R2 | 0.0309 | 10.37 % | ||
| R1 | 0.0285 | 1.77 % | ||
| Current price: | 0.0280 | |||
| Support | S1 | 0.0207 | -26.06 % | |
| S2 | 0.0183 | -34.66 % | ||
| S3 | 0.0144 | -48.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0280 | |||
| Support | S1 | 0.0213 | -23.93% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Global Li-Ion Graphite Corp. Stock.
