GRILLiT, Inc. Stock Forecast

Red day on Friday for GRILLiT, Inc.
(Updated on Apr 26, 2024)

GRLT Signals & Forecast

The GRILLiT, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0001. On a fall, the stock will find some support from the long-term average at approximately $0.00009726. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, April 24, 2024, and so far it has fallen -50.00%. 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, April 11, 2024 and based on theory for this formation the price should go up by 99.00% to $0.0002 within 2 trading days since signal was issued (Monday, April 29, 2024).

Support, Risk & Stop-loss for GRILLiT, Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 30.00%.

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

Trading Expectations (GRLT) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect GRILLiT, Inc. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00004683 and $0.0002, which gives a possible trading interval of +/-$0.00005317 (+/-53.17%) up or down from last closing price. If GRILLiT, Inc. takes out the full calculated possible swing range there will be an estimated 106.35% move between the lowest and the highest trading price during the day.

Is GRILLiT, Inc. stock A Buy?

GRILLiT, Inc. 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.

Current score: -2.475 Sell Candidate Unchanged

Predicted Opening Price for GRILLiT, Inc. of Monday, April 29, 2024

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