Glucose Health Inc Stock Forecast
Glucose Health Inc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
No changes to the price of Glucose Health Inc stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.341 to a day high of $0.341. The price has been going up and down for this period, and there has been a -2.85% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -49.49% during the next 3 months and, with a 90% probability hold a price between $0.0940 and $0.232 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GLUC Signals & Forecast
There are mixed signals in the stock today. 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 $0.368 and $0.421. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has fallen 0%. 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).
A buy signal from a double bottom formation was found on Thursday, May 23, 2024 and based on theory for this formation the price should go up by 64.63% to $0.561 within 3 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Glucose Health Inc stock
Glucose Health Inc finds support from accumulated volume at $0.331 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0%
Our recommended stop-loss: $0.320 (-6.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (GLUC) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Glucose Health Inc to open at $0.341, and during the day (based on 14 day Average True Range), to move between $0.300 and $0.382, which gives a possible trading interval of +/-$0.0411 (+/-12.06%) up or down from last closing price. If Glucose Health Inc takes out the full calculated possible swing range there will be an estimated 24.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.351 (2.93%) than the support at $0.331 (2.93%), 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 Glucose Health Inc stock A Buy?
Glucose Health 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. 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, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.341 ( 0%) | $0.341 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLUC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.341 | . | |
| R2 | 0.341 | . | ||
| R1 | 0.341 | . | ||
| Current price: | 0.341 | |||
| Support | S1 | 0.341 | . | |
| S2 | 0.341 | . | ||
| S3 | 0.341 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.400 | 17.30 % | |
| R2 | 0.386 | 13.05 % | ||
| R1 | 0.351 | 2.93 % | ||
| Current price | 0.341 | |||
| Support | S1 | 0.331 | -2.93% | |
| S2 | 0.330 | -3.23% | ||
| S3 | 0 | . |
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