Guardion Health Sciences Inc. Stock Forecast
Red day on Tuesday for Guardion Health Sciences Inc.
(Updated on Apr 30, 2024)
The Guardion Health Sciences Inc. stock price fell by -0.253% on the last day (Tuesday, 30th Apr 2024) from $7.92 to $7.90. During the last trading day the stock fluctuated 0% from a day low at $7.90 to a day high of $7.90. The price has been going up and down for this period, and there has been a 0.64% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 2 thousand shares were bought and sold for approximately $11.94 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guardion Health Sciences Inc. stock with a 90% probability to be traded between $7.33 and $9.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GHSI Signals & Forecast
There are mixed signals in the stock today. The Guardion Health Sciences 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 $8.02 and $8.43. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 2.07%. 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).
Support, Risk & Stop-loss for Guardion Health Sciences Inc. stock
Guardion Health Sciences Inc. finds support from accumulated volume at $7.74 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.97%.
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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Guardion Health Sciences Inc. to open at $7.90, and during the day (based on 14 day Average True Range), to move between $7.61 and $8.19, which gives a possible trading interval of +/-$0.287 (+/-3.64%) 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 7.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.74 (2.03%) than the resistance at $8.12 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guardion Health Sciences Inc. stock A Buy?
Guardion Health Sciences Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.160 Sell Candidate Unchanged
Predicted Opening Price for Guardion Health Sciences Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $7.90 ( 0.00000000%) | $7.90 |
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 | 7.90 | 0.00000000 % | |
| R2 | 7.90 | 0.00000000 % | ||
| R1 | 7.90 | 0.00000000 % | ||
| Current price: | 7.90 | |||
| Support | S1 | 7.90 | 0.00000000 % | |
| S2 | 7.90 | 0.00000000 % | ||
| S3 | 7.90 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.71 | 10.25 % | |
| R2 | 8.38 | 6.08 % | ||
| R1 | 8.12 | 2.78 % | ||
| Current price | 7.90 | |||
| Support | S1 | 7.74 | -2.03% | |
| S2 | 7.46 | -5.57% | ||
| S3 | 7.29 | -7.72% |
FAQ
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