Graphene 3D Lab Stock Forecast

High volatility in Graphene 3D Lab stock price on Wednesday which ended trading at $0.0598
(Updated on Apr 24, 2024)

GPHBF Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 11.88%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Graphene 3D Lab stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0649. On a fall, the stock will find some support from the short-term average at $0.0595. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Graphene 3D Lab stock

Graphene 3D Lab finds support from accumulated volume at $0.0592 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0100 between high and low, or 20.00%. For the last week the stock has had daily average volatility of 17.82%.

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

Trading Expectations (GPHBF) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Graphene 3D Lab to open at $0.0566, and during the day (based on 14 day Average True Range), to move between $0.0521 and $0.0675, which gives a possible trading interval of +/-$0.0077 (+/-12.82%) up or down from last closing price. If Graphene 3D Lab takes out the full calculated possible swing range there will be an estimated 25.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0600 (0.33%) than the support at $0.0592 (1.00%), 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 Graphene 3D Lab stock A Buy?

Graphene 3D Lab holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.337 Sell Candidate Upgraded

Predicted Opening Price for Graphene 3D Lab of Thursday, April 25, 2024

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