Green Cures & Botanical Distribution Stock Forecast

High volatility in Green Cures & Botanical Distribution stock price on Friday which ended trading at $0.0002
(Updated on May 03, 2024)

GRCU Signals & Forecast

The Green Cures & Botanical Distribution stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0001 and $0.0001. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Green Cures & Botanical Distribution stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0002. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $0.0001 between high and low, or 50.00%. For the last week the stock has had daily average volatility of 50.00%.

Our recommended stop-loss: $0.0002 (-3.66%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GRCU) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Green Cures & Botanical Distribution Inc. to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0002, which gives a possible trading interval of +/-$0.00004502 (+/-22.51%) up or down from last closing price. If Green Cures & Botanical Distribution Inc. takes out the full calculated possible swing range there will be an estimated 45.02% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0002, some $0.00004 (20.00%) from the current price of $0.0002, our system finds the risk reward attractive.

Is Green Cures & Botanical Distribution Inc. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.625 Buy Candidate Upgraded

Predicted Opening Price for Green Cures & Botanical Distribution Inc. of Monday, May 6, 2024

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