Green Cures & Botanical Distribution Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Green Cures & Botanical Distribution stock price on Friday moving between $0.0001 and $0.0002
(Updated on May 17, 2024)
The Green Cures & Botanical Distribution stock price gained 33.33% on the last trading day (Friday, 17th May 2024), rising from $0.0002 to $0.0002. During the last trading day the stock fluctuated 100.00% from a day low at $0.0001 to a day high of $0.0002. The price has fallen in 4 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $1.05 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0002 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.40% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0003 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $0.0002 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). Green Cures & Botanical Distribution 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
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 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 $0.0001 between high and low, or 100.00%. For the last week, the stock has had daily average volatility of 53.33%.
Our recommended stop-loss: $0.0002 (-3.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GRCU) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th 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 $0.0001 and $0.0003, which gives a possible trading interval of +/-$0.00005870 (+/-29.35%) 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 58.70% 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, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Green Cures & Botanical Distribution stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.368 Buy Candidate Upgraded
Predicted Opening Price for Green Cures & Botanical Distribution Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0002 ( 16.67%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRCU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 33.33 % | |
| R2 | 0.0002 | 14.23 % | ||
| R1 | 0.0002 | 2.43 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0001 | -35.77 % | |
| S2 | 0.0001 | -47.57 % | ||
| S3 | 0.00006667 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0002 | |||
| Support | S1 | 0.0002 | -20.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Green Cures & Botanical Distribution Inc. Stock.
