Globalink Investment Inc. Stock Forecast

Globalink Investment Inc. stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)

GLLIR Signals & Forecast

The Globalink Investment Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.169. On a fall, the stock will find some support from the long-term average at approximately $0.121. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -16.38%. Further fall is indicated until a new bottom pivot has been found. Globalink Investment Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $0.150 and $0.124. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.124 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 $0.0112 between high and low, or 7.47%. For the last week, the stock has had daily average volatility of 6.75%.

Our recommended stop-loss: $0.152 (-4.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GLLIR) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Globalink Investment Inc. to open at $0.157, and during the day (based on 14 day Average True Range), to move between $0.118 and $0.202, which gives a possible trading interval of +/-$0.0421 (+/-26.36%) up or down from last closing price. If Globalink Investment Inc. takes out the full calculated possible swing range there will be an estimated 52.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.169 (5.57%) than the support at $0.150 (6.07%), 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 Globalink Investment Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Globalink Investment Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.233 Buy Candidate Upgraded

Predicted Opening Price for Globalink Investment Inc. of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.