Green Globe International, Inc. Stock Forecast
Volatile ride for Green Globe International, Inc. stock price on Tuesday moving between $0.0006 and $0.0007
(Updated on May 14, 2024)
The Green Globe International, Inc. stock price gained 8.33% on the last trading day (Tuesday, 14th May 2024), rising from $0.0006 to $0.0007. During the last trading day the stock fluctuated 16.67% from a day low at $0.0006 to a day high of $0.0007. The price has been going up and down for this period, and there has been a -13.33% loss 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, 28 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $1.94 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 -2.27% during the next 3 months and, with a 90% probability hold a price between $0.0006 and $0.0009 at the end of this 3-month period.
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GGII Signals & Forecast
There are mixed signals in the stock today. The Green Globe International, 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 $0.0007 and $0.0007. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 8.33%. 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). Green Globe International, Inc. 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.
A buy signal from a double bottom formation was found on Wednesday, May 08, 2024 and based on theory for this formation the price should go up by 53.85% to $0.0010 within 4 trading days since signal was issued (Wednesday, May 15, 2024).
Support, Risk & Stop-loss for Green Globe International, Inc. stock
Green Globe International, Inc. finds support from accumulated volume at $0.0006 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 14.87%.
Our recommended stop-loss: $0.0006 (-4.04%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (GGII) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Green Globe International, Inc. to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0008, which gives a possible trading interval of +/-$0.0001 (+/-18.43%) up or down from last closing price. If Green Globe International, Inc. takes out the full calculated possible swing range there will be an estimated 36.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0006 (1.54%) than the resistance at $0.0007 (7.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Green Globe International, Inc. stock A Buy?
Green Globe International, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.438 Hold/Accumulate Upgraded
Predicted Opening Price for Green Globe International, Inc. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $0.0007 ( 0%) | $0.0007 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GGII
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0008 | 15.38 % | |
| R2 | 0.0007 | 9.51 % | ||
| R1 | 0.0007 | 5.88 % | ||
| Current price: | 0.0007 | |||
| Support | S1 | 0.0006 | -5.88 % | |
| S2 | 0.0006 | -9.51 % | ||
| S3 | 0.0006 | -15.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0008 | 23.08 % | |
| R2 | 0.0008 | 15.38 % | ||
| R1 | 0.0007 | 7.69 % | ||
| Current price | 0.0007 | |||
| Support | S1 | 0.0006 | -1.54% | |
| S2 | 0.0006 | -7.69% | ||
| S3 | 0 | . |
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