Golden Triangle Ventures Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Golden Triangle Ventures Inc stock price on Thursday moving between $0.0002 and $0.0004
(Updated on May 16, 2024)
No changes to the price of Golden Triangle Ventures Inc stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 75.00% from a day low at $0.0002 to a day high of $0.0004. The price has fallen in 4 of the last 10 days and is down by -14.29% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0002 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.12% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0008 at the end of this 3-month period.
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GTVH Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Golden Triangle Ventures Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0003 and $0.0005. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Golden Triangle Ventures 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 $0.0002 between high and low, or 75.00%. For the last week, the stock has had daily average volatility of 34.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GTVH) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Golden Triangle Ventures Inc 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 +/-$0.0001 (+/-43.25%) up or down from last closing price. If Golden Triangle Ventures Inc takes out the full calculated possible swing range there will be an estimated 86.49% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0003, some $0.000003 (1.00%) from the current price of $0.0003, our system finds the risk reward not very attractive.
Is Golden Triangle Ventures Inc stock A Buy?
Golden Triangle Ventures Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -7.258 Strong Sell Candidate Unchanged
Predicted Opening Price for Golden Triangle Ventures Inc of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.0003 ( 5.56%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTVH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 44.44 % | |
| R2 | 0.0004 | 25.34 % | ||
| R1 | 0.0003 | 13.54 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0002 | -24.66 % | |
| S2 | 0.0002 | -36.46 % | ||
| S3 | 0.0001 | -55.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 16.67 % | |
| R2 | 0.0003 | 3.00 % | ||
| R1 | 0.0003 | 1.00 % | ||
| Current price | 0.0003 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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