Graphite One Inc. Stock Forecast
Green day on Monday for Graphite One Inc.
(Updated on Apr 22, 2024)
The Graphite One Inc. stock price gained 1.15% on the last trading day (Monday, 22nd Apr 2024), rising from $0.555 to $0.561. During the last trading day the stock fluctuated 9.20% from a day low at $0.523 to a day high of $0.571. The price has fallen in 7 of the last 10 days and is down by -8.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $22.17 thousand.
The stock lies in the middle of a 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 -22.82% during the next 3 months and, with a 90% probability hold a price between $0.420 and $0.478 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GPHOF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. Graphite One Inc. 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 Graphite One 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 $0.566 and $0.620. 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 Graphite One Inc. stock
Graphite One Inc. finds support from accumulated volume at $0.561 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0481 between high and low, or 9.20%. For the last week, the stock has had daily average volatility of 7.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GPHOF) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Graphite One Inc. to open at $0.552, and during the day (based on 14 day Average True Range), to move between $0.524 and $0.599, which gives a possible trading interval of +/-$0.0372 (+/-6.62%) up or down from last closing price. If Graphite One Inc. takes out the full calculated possible swing range there will be an estimated 13.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.561 (0.04%) than the resistance at $0.590 (5.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Graphite One Inc. stock A Buy?
Graphite One Inc. holds several negative signals and is within a 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: -3.746 Sell Candidate Unchanged
Predicted Opening Price for Graphite One Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.552 ( 1.67%) | $0.561 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPHOF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.600 | 6.90 % | |
| R2 | 0.582 | 3.63 % | ||
| R1 | 0.570 | 1.60 % | ||
| Current price: | 0.561 | |||
| Support | S1 | 0.534 | -4.95 % | |
| S2 | 0.522 | -6.97 % | ||
| S3 | 0.504 | -10.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.695 | 23.80 % | |
| R2 | 0.635 | 13.15 % | ||
| R1 | 0.590 | 5.09 % | ||
| Current price | 0.561 | |||
| Support | S1 | 0.561 | -0.0356% | |
| S2 | 0.555 | -1.14% | ||
| S3 | 0.550 | -2.12% |
FAQ
Click here for our free guide on how to buy Graphite One Inc. Stock.
