RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GNLN
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Volatile ride for Greenlane Holdings Inc. Class A stock price on Wednesday moving between $0.480 and $0.566
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 26, 2024 Loss -4.22% PDF

The Greenlane Holdings Inc. Class A stock price fell by -4.22% on the last day (Wednesday, 27th Mar 2024) from $0.545 to $0.522. During the last trading day the stock fluctuated 17.92% from a day low at $0.480 to a day high of $0.566. The price has fallen in 6 of the last 10 days but is still up by 6.95% over the past 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 -74 thousand shares and in total, 170 thousand shares were bought and sold for approximately $88.63 thousand.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Greenlane Holdings Inc. Class A stock with a 90% probability to be traded between $0.383 and $0.591 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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GNLN Signals & Forecast

The Greenlane Holdings Inc. Class A 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 $0.540. On a fall, the stock will find some support from the long-term average at approximately $0.467. 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, March 22, 2024, and so far it has fallen -10.46%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Greenlane Holdings Inc. Class A stock

Greenlane Holdings Inc. Class A finds support from accumulated volume at $0.505 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0860 between high and low, or 17.92%. For the last week the stock has had daily average volatility of 23.29%.

Our recommended stop-loss: $0.492 (-5.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (GNLN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Greenlane Holdings Inc. Class A to open at $0.523, and during the day (based on 14 day Average True Range), to move between $0.450 and $0.594, which gives a possible trading interval of +/-$0.0716 (+/-13.73%) up or down from last closing price. If Greenlane Holdings Inc. Class A takes out the full calculated possible swing range there will be an estimated 27.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.505 (3.26%) than the resistance at $0.545 (4.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Greenlane Holdings Inc. Class A stock A Buy?

Greenlane Holdings Inc. Class A 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.565 Hold/Accumulate Downgraded

Predicted Opening Price for Greenlane Holdings Inc. Class A of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.523 ( 0.128%) $0.522

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

Trading levels for GNLN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.609 16.60 %
R2 0.576 10.31 %
R1 0.556 6.42 %
Current price: 0.522
Support S1 0.490 -6.17 %
S2 0.470 -10.05 %
S3 0.437 -16.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.583 11.69 %
R2 0.556 6.44 %
R1 0.545 4.41 %
Current price 0.522
Support S1 0.505 -3.26%
S2 0.490 -6.13%
S3 0.480 -8.05%

FAQ

What is the symbol for Greenlane Holdings Inc. Class A Stock and on which exchange is it traded?
The symbol for Greenlane Holdings Inc. Class A is GNLN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Greenlane Holdings Inc. Class A Stock?
Greenlane Holdings Inc. Class A 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Greenlane Holdings Inc. Class A Stock?
Greenlane Holdings Inc. Class A Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Greenlane Holdings Inc. Class A Stock.

What's the current price of Greenlane Holdings Inc. Class A Stock?
As of the end of day on the 2024-03-27, the price of an Greenlane Holdings Inc. Class A (GNLN) share was $0.522.

What is the 52-week high and low for Greenlane Holdings Inc. Class A Stock?
The 52-week high for Greenlane Holdings Inc. Class A Stock is $3.40 and the 52-week low is $0.278.

What is the market capitalization of Greenlane Holdings Inc. Class A Stock?
As of the 2024-03-27, the market capitalization of Greenlane Holdings Inc. Class A is 1.949M.

When is the next earnings date for Greenlane Holdings Inc. Class A?
The upcoming earnings date for Greenlane Holdings Inc. Class A is Apr 01, 2024.
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About Greenlane Holdings Inc. Class A

Greenlane Holdings. Class A Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers and packaging, grinders, and apparel lines, as well as bubblers, rigs, and other smoking and vaporization related acces... GNLN Profile

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