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RSI low/high Values: [ 20 - 80 ]
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Is Greenlane Holdings Inc. Class A stock still a buy after falling -6.34% on Tuesday?
(Updated on Nov 05, 2024)

Sell candidate since Oct 22, 2024 Loss -43.16%

The Greenlane Holdings Inc. Class A stock price fell by -6.34% on the last day (Tuesday, 5th Nov 2024) from $2.84 to $2.66. During the last trading day the stock fluctuated 8.02% from a day low at $2.62 to a day high of $2.83. The price has fallen in 7 of the last 10 days and is down by -43.16% for this period. 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 -23 thousand shares and in total, 98 thousand shares were bought and sold for approximately $261.88 thousand.

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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.

GNLN Signals & Forecast

There are few to no technical positive signals at the moment. The Greenlane Holdings Inc. Class A 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 $3.07 and $4.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, August 14, 2024, and so far it has fallen -84.17%. 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 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.

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

Greenlane Holdings Inc. Class A finds support from accumulated volume at $2.59 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.210 between high and low, or 8.02%. For the last week the stock has had daily average volatility of 16.78%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GNLN) For The Upcoming Trading Day Of Wednesday 6th

For the upcoming trading day on Wednesday, 6th we expect Greenlane Holdings Inc. Class A to open at $2.70, and during the day (based on 14 day Average True Range), to move between $1.89 and $3.43, which gives a possible trading interval of +/-$0.772 (+/-29.03%) 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 58.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.68 (0.75%) than the support at $2.59 (2.63%), 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 Greenlane Holdings Inc. Class A stock A Buy?

Greenlane Holdings Inc. Class A holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -6.199 Strong Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on November 6, 2024 - $2.70 ( 1.63%).

Trading levels for GNLN

Fibonacci Support & Resistance Levels

Level Price
R3 2.91 9.52%
R2 2.83 6.51%
R1 2.78 4.64%
Price 2.66
S1 2.62 -1.39%
S2 2.57 -3.25%
S3 2.49 -6.27%

Accumulated Volume Support & Resistance Levels

Level Price
R3 3.04 14.29%
R2 2.69 1.13%
R1 2.68 0.752%
Price 2.66
S1 2.59 -2.63%
S2 2.47 -7.11%
S3 2.25 -15.41%

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 negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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 Nov 05, 2024, the price of an Greenlane Holdings Inc. Class A (GNLN) share was $2.66.

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 $21.80 and the 52-week low is $0.0194.

What is the market capitalization of Greenlane Holdings Inc. Class A Stock?
As of the Nov 05, 2024, the market capitalization of Greenlane Holdings Inc. Class A is 1.873M.

When is the next earnings date for Greenlane Holdings Inc. Class A?
The upcoming earnings date for Greenlane Holdings Inc. Class A is Jan 07, 2025.
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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...
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