RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GTBIF
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Evaluation of Green Thumb Industries Inc stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 3.71% PDF

The Green Thumb Industries Inc stock price fell by -3.20% on the last day (Thursday, 28th Mar 2024) from $15.00 to $14.52. During the last trading day the stock fluctuated 5.49% from a day low at $14.22 to a day high of $15.00. The price has been going up and down for this period, and there has been a 25.5% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -237 thousand shares and in total, 364 thousand shares were bought and sold for approximately $5.28 million.

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 $15.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.08% during the next 3 months and, with a 90% probability hold a price between $12.54 and $16.54 at the end of this 3-month period.

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GTBIF Signals & Forecast

The Green Thumb Industries Inc 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 $14.02 and $13.07. 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 Wednesday, March 27, 2024, and so far it has fallen -3.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Green Thumb Industries Inc stock

Green Thumb Industries Inc finds support from accumulated volume at $13.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.780 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 7.53%.

Our recommended stop-loss: $13.81 (-4.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GTBIF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Green Thumb Industries Inc to open at $14.58, and during the day (based on 14 day Average True Range), to move between $13.62 and $15.42, which gives a possible trading interval of +/-$0.90 (+/-6.18%) up or down from last closing price. If Green Thumb Industries Inc takes out the full calculated possible swing range there will be an estimated 12.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.00 (3.31%) than the support at $13.91 (4.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Green Thumb Industries 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 Thumb Industries Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.650 Buy Candidate Downgraded

Predicted Opening Price for Green Thumb Industries Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$14.58 ( 0.413%) $14.52

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

Trading levels for GTBIF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.36 5.79 %
R2 15.06 3.73 %
R1 14.88 2.47 %
Current price: 14.52
Support S1 14.28 -1.64 %
S2 14.10 -2.91 %
S3 13.80 -4.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 15.00 3.31 %
Current price 14.52
Support S1 13.91 -4.20%
S2 12.88 -11.29%
S3 12.55 -13.57%

FAQ

What is the symbol for Green Thumb Industries Inc Stock and on which exchange is it traded?
The symbol for Green Thumb Industries Inc is GTBIF and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell Green Thumb Industries Inc Stock?
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 Thumb Industries Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Green Thumb Industries Inc Stock?
Green Thumb Industries Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Green Thumb Industries Inc Stock.

What's the current price of Green Thumb Industries Inc Stock?
As of the end of day on the 2024-03-28, the price of an Green Thumb Industries Inc (GTBIF) share was $14.52.

What is the 52-week high and low for Green Thumb Industries Inc Stock?
The 52-week high for Green Thumb Industries Inc Stock is $15.00 and the 52-week low is $6.42.

What is the market capitalization of Green Thumb Industries Inc Stock?
As of the 2024-03-28, the market capitalization of Green Thumb Industries Inc is 3.443B.

When is the next earnings date for Green Thumb Industries Inc?
The upcoming earnings date for Green Thumb Industries Inc is May 01, 2024.
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About Green Thumb Industries Inc

Green Thumb Industries Green Thumb Industries Inc. engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands. The company distributes its product... GTBIF Profile

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