Global Technologies, Ltd. Stock Forecast

Red day on Monday for Global Technologies, Ltd. stock after losing 0%
(Updated on Jun 17, 2024)

GTLL Signals & Forecast

The Global Technologies, Ltd. 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 $0.0003 and $0.0003. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 29, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Global Technologies, Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0003 and $0.0002. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0002 may give a huge drop in the stock price.

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

Our recommended stop-loss: $0.0003 (-6.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (GTLL) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Global Technologies, Ltd. to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.00006965 (+/-23.22%) up or down from last closing price. If Global Technologies, Ltd. takes out the full calculated possible swing range there will be an estimated 46.43% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0003, some $0.00005 (16.67%) from the current price of $0.0003, our system finds the risk reward attractive.

Is Global Technologies, Ltd. 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 Global Technologies, Ltd. stock to perform well in the short-term.

Current score: 1.529 Buy Candidate Unchanged

Predicted Opening Price for Global Technologies, Ltd. of Tuesday, June 18, 2024

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