Glucose Health Inc Stock Forecast

Glucose Health Inc stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)

GLUC Signals & Forecast

There are few to no technical positive signals at the moment. The Glucose Health 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 $0.366 and $0.470. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Glucose Health Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.331. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.98%

Our recommended stop-loss: $0.336 (-4.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GLUC) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Glucose Health Inc to open at $0.351, and during the day (based on 14 day Average True Range), to move between $0.314 and $0.388, which gives a possible trading interval of +/-$0.0370 (+/-10.53%) up or down from last closing price. If Glucose Health Inc takes out the full calculated possible swing range there will be an estimated 21.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.331 (5.70%) than the resistance at $0.386 (9.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Glucose Health Inc stock A Buy?

Glucose Health Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded

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 Glucose Health Inc of Monday, May 20, 2024

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