Ethema Health Corporation Stock Forecast

Ethema Health Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 20, 2024)

GRST Signals & Forecast

The Ethema Health Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0003 and $0.0003. 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 Friday, May 17, 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.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Ethema Health Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0004 and $0.0004. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ethema Health Corporation finds support just below today's level at $0.0004. If this is broken, then the next support from accumulated volume will be at $0.0004 and $0.0003.

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 12.02%.

Our recommended stop-loss: $0.0004 (-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 6 days ago.)

Trading Expectations (GRST) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Ethema Health Corporation to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.00005969 (+/-14.92%) up or down from last closing price. If Ethema Health Corporation takes out the full calculated possible swing range there will be an estimated 29.85% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0004, some $0.00003 (7.50%) from the current price of $0.0004, our system finds the risk reward attractive.

Is Ethema Health Corporation stock A Buy?

Ethema Health Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.740 Hold/Accumulate Downgraded

Predicted Opening Price for Ethema Health Corporation of Tuesday, May 21, 2024

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