Globalink Investment Inc. Stock Forecast
Big movements in Globalink Investment Inc. stock price on Thursday moving 23.29% between high and low
(Updated on Jun 20, 2024)
The Globalink Investment Inc. stock price gained 27.32% on the last trading day (Thursday, 20th Jun 2024), rising from $0.150 to $0.191. During the last trading day the stock fluctuated 23.29% from a day low at $0.155 to a day high of $0.191. The price has fallen in 5 of the last 10 days but is still up by 124.82% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately $673.82 . 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.205 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 81.35% during the next 3 months and, with a 90% probability hold a price between $0.218 and $0.371 at the end of this 3-month period.
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GLLIR Signals & Forecast
The Globalink Investment Inc. 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 $0.169 and $0.112. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 27.32%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Globalink Investment Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.176 and $0.170. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Globalink Investment Inc. finds support just below today's level at $0.176. If this is broken, then the next support from accumulated volume will be at $0.170 and $0.169.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0361 between high and low, or 23.29%. For the last week the stock has had daily average volatility of 13.05%
Our recommended stop-loss: $0.185 (-3.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (GLLIR) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Globalink Investment Inc. to open at $0.179, and during the day (based on 14 day Average True Range), to move between $0.139 and $0.244, which gives a possible trading interval of +/-$0.0526 (+/-27.51%) up or down from last closing price. If Globalink Investment Inc. takes out the full calculated possible swing range there will be an estimated 55.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.176, some $0.0151 (7.90%) from the current price of $0.191, our system finds the risk reward attractive.
Is Globalink Investment Inc. stock A Buy?
Globalink Investment 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Globalink Investment Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.179 ( 6.30%) | $0.191 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLLIR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.215 | 12.59% |
| R2 | 0.201 | 5.38% |
| R1 | 0.193 | 0.92% |
| Price | 0.191 | |
| S1 | 0.165 | -13.51% |
| S2 | 0.157 | -17.97% |
| S3 | 0.143 | -25.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.191 | |
| S1 | 0.176 | -7.90% |
| S2 | 0.170 | -10.99% |
| S3 | 0.169 | -11.72% |
GLLIR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 177.46% |
FAQ
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