Golden Grail Technology Corp Stock Forecast
High volatility in Golden Grail Technology Corp stock price on Friday which ended trading at $0.149
(Updated on May 17, 2024)
The Golden Grail Technology Corp stock price gained 3.52% on the last trading day (Friday, 17th May 2024), rising from $0.144 to $0.149. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 18.08% from a day low at $0.131 to a day high of $0.155. The price has risen in 7 of the last 10 days but is still down by -12.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately $6.19 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. Given the current short-term trend, the stock is expected to fall -36.18% during the next 3 months and, with a 90% probability hold a price between $0.0616 and $0.118 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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GOGY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 14.75%. Further rise is indicated until a new top pivot has been found. Golden Grail Technology Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Golden Grail Technology Corp 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 $0.153 and $0.196. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Golden Grail Technology Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.140 and $0.132. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Golden Grail Technology Corp finds support just below today's level at $0.140. If this is broken, then the next support from accumulated volume will be at $0.132 and $0.130.
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 $0.0237 between high and low, or 18.08%. For the last week, the stock has had daily average volatility of 27.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOGY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Golden Grail Technology Corp to open at $0.145, and during the day (based on 14 day Average True Range), to move between $0.121 and $0.178, which gives a possible trading interval of +/-$0.0285 (+/-19.08%) up or down from last closing price. If Golden Grail Technology Corp takes out the full calculated possible swing range there will be an estimated 38.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.140 (6.14%) than the resistance at $0.180 (20.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Golden Grail Technology Corp stock A Buy?
Golden Grail Technology Corp 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: -5.412 Strong Sell Candidate Unchanged
Predicted Opening Price for Golden Grail Technology Corp of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.145 ( 2.93%) | $0.149 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.169 | 12.92 % | |
| R2 | 0.160 | 6.87 % | ||
| R1 | 0.154 | 3.12 % | ||
| Current price: | 0.149 | |||
| Support | S1 | 0.136 | -8.99 % | |
| S2 | 0.130 | -12.73 % | ||
| S3 | 0.121 | -18.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.184 | 23.24 % | |
| R2 | 0.184 | 22.89 % | ||
| R1 | 0.180 | 20.46 % | ||
| Current price | 0.149 | |||
| Support | S1 | 0.140 | -6.14% | |
| S2 | 0.132 | -11.66% | ||
| S3 | 0.130 | -12.86% |
FAQ
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