GGTOOR, Inc. Stock Forecast

GGTOOR, Inc. stock price down 0% on Friday
(Updated on May 17, 2024)

GTOR Signals & Forecast

The GGTOOR, 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 $0.0026. On a fall, the stock will find some support from the long-term average at approximately $0.0024. 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 Thursday, May 16, 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.

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

On the downside, the stock finds support just below today's level from accumulated volume at $0.0024 and $0.0021. 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, GGTOOR, Inc. finds support just below today's level at $0.0024. If this is broken, then the next support from accumulated volume will be at $0.0021 and $0.0020.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 14.10%

Our recommended stop-loss: $0.0024 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GTOR) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect GGTOOR, Inc. to open at $0.0025, and during the day (based on 14 day Average True Range), to move between $0.0021 and $0.0029, which gives a possible trading interval of +/-$0.0004 (+/-17.62%) up or down from last closing price. If GGTOOR, Inc. takes out the full calculated possible swing range there will be an estimated 35.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0026 (2.00%) than the support at $0.0024 (6.00%), 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 GGTOOR, 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 GGTOOR, Inc. stock to perform well in the short-term.

Current score: 1.262 Buy Candidate Unchanged

Predicted Opening Price for GGTOOR, Inc. of Monday, May 20, 2024

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