Guardion Health Sciences Inc. Stock Forecast
Green day on Wednesday for Guardion Health Sciences Inc.
(Updated on Apr 17, 2024)
The Guardion Health Sciences Inc. stock price gained 2.80% on the last trading day (Wednesday, 17th Apr 2024), rising from $7.85 to $8.07. During the last trading day the stock fluctuated 2.80% from a day low at $7.85 to a day high of $8.07. The price has fallen in 6 of the last 10 days and is down by -11.32% for this period. Volume fell on the last day by -952 shares and in total, 2 thousand shares were bought and sold for approximately $18.05 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.72% during the next 3 months and, with a 90% probability hold a price between $10.08 and $13.00 at the end of this 3-month period.
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GHSI Signals & Forecast
There are few to no technical positive signals at the moment. The Guardion Health Sciences 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 $8.44. On a fall, the stock will find some support from the short-term average at $7.92. 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 Wednesday, April 03, 2024, and so far it has fallen -11.32%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Guardion Health Sciences Inc. stock
Guardion Health Sciences Inc. finds support from accumulated volume at $7.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.220 between high and low, or 2.80%. For the last week the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GHSI) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Guardion Health Sciences Inc. to open at $8.00, and during the day (based on 14 day Average True Range), to move between $7.74 and $8.40, which gives a possible trading interval of +/-$0.335 (+/-4.15%) up or down from last closing price. If Guardion Health Sciences Inc. takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.12 (0.62%) than the support at $7.90 (2.11%), 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 Guardion Health Sciences Inc. stock A Buy?
The Guardion Health Sciences Inc. stock holds several negative signals and despite the positive trend, we believe Guardion Health Sciences Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.031 Sell Candidate Unchanged
Predicted Opening Price for Guardion Health Sciences Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $8.00 ( 0.91%) | $8.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GHSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.22 | 1.82 % | |
| R2 | 8.13 | 0.776 % | ||
| R1 | 8.08 | 0.133 % | ||
| Current price: | 8.07 | |||
| Support | S1 | 7.91 | -1.95 % | |
| S2 | 7.86 | -2.59 % | ||
| S3 | 7.78 | -3.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.71 | 7.93 % | |
| R2 | 8.38 | 3.84 % | ||
| R1 | 8.12 | 0.620 % | ||
| Current price | 8.07 | |||
| Support | S1 | 7.90 | -2.11% | |
| S2 | 7.74 | -4.09% | ||
| S3 | 7.29 | -9.67% |
FAQ
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