GRILLiT, Inc. Stock Forecast
Volatile ride for GRILLiT, Inc. stock price on Friday moving between $0.0001 and $0.0002
(Updated on May 10, 2024)
The GRILLiT, Inc. stock price fell by -50.00% on the last day (Friday, 10th May 2024) from $0.0002 to $0.0001. 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 by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately $660.50 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.16% during the next 3 months and, with a 90% probability hold a price between $0.00002214 and $0.0004 at the end of this 3-month period.
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GRLT Signals & Forecast
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 GRILLiT, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0002 and $0.0001. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -66.67%. Further fall is indicated until a new bottom pivot has been found. GRILLiT, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
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 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 90.00%.
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 13th
For the upcoming trading day on Monday, 13th we expect GRILLiT, Inc. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00002528 and $0.0002, which gives a possible trading interval of +/-$0.00007472 (+/-74.72%) up or down from last closing price. If GRILLiT, Inc. takes out the full calculated possible swing range there will be an estimated 149.43% move between the lowest and the highest trading price during the day.
Is GRILLiT, Inc. stock A Buy?
The GRILLiT, Inc. stock holds several negative signals and despite the positive trend, we believe GRILLiT, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.704 Strong Sell Candidate Downgraded
Predicted Opening Price for GRILLiT, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0001 ( 33.33%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRLT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0002 | 133.33 % | |
| R2 | 0.0002 | 95.13 % | ||
| R1 | 0.0002 | 71.53 % | ||
| Current price: | 0.0001 | |||
| Support | S1 | 0.00009513 | -4.87 % | |
| S2 | 0.00007153 | -28.47 % | ||
| S3 | 0.00003333 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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