Glacier Media Inc. Stock Forecast
On Friday, Glacier Media Inc. stock price gained an impressive 11.76%
(Updated on May 17, 2024)
The Glacier Media Inc. stock price gained 11.76% on the last trading day (Friday, 17th May 2024), rising from $0.0850 to $0.0950. During the last trading day the stock fluctuated 0% from a day low at $0.0950 to a day high of $0.0950. The price has been going up and down for this period, and there has been a 11.76% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 40 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately $3.80 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0939, a level that may pose a second chance to hit a runner. According to fan-theory $0.125 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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GVC.TO Signals & Forecast
The Glacier Media 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 $0.0843 and $0.0831. 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). Glacier Media Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 01, 2024, and so far it has fallen -5.00%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Glacier Media Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0850 and $0.0800. 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, Glacier Media Inc. finds support just below today's level at $0.0850. If this is broken, then the next support from accumulated volume will be at $0.0800 and $0.0750.
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: $0.0906 (-4.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (GVC.TO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Glacier Media Inc. to open at $0.0950, and during the day (based on 14 day Average True Range), to move between $0.0910 and $0.0990, which gives a possible trading interval of +/-$0.0040 (+/-4.25%) up or down from last closing price. If Glacier Media Inc. takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.100 (5.26%) than the support at $0.0850 (10.53%), 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 Glacier Media Inc. stock A Buy?
Glacier Media Inc. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Glacier Media Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0950 ( 0.00000000%) | $0.0950 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVC.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0950 | 0.00000000 % | |
| R2 | 0.0950 | 0.00000000 % | ||
| R1 | 0.0950 | 0.00000000 % | ||
| Current price: | 0.0950 | |||
| Support | S1 | 0.0950 | 0.00000000 % | |
| S2 | 0.0950 | 0.00000000 % | ||
| S3 | 0.0950 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.110 | 15.79 % | |
| R2 | 0.105 | 10.53 % | ||
| R1 | 0.100 | 5.26 % | ||
| Current price | 0.0950 | |||
| Support | S1 | 0.0850 | -10.53% | |
| S2 | 0.0800 | -15.79% | ||
| S3 | 0.0750 | -21.05% |
GVC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2015 | Jun 10, 2015 | Jul 06, 2015 | $0.0200 | 1.68% |
| 2 | Mar 23, 2015 | Mar 23, 2015 | Apr 07, 2015 | $0.0200 | 1.52% |
| 3 | Dec 10, 2014 | Dec 10, 2014 | Jan 05, 2015 | $0.0200 | 1.32% |
| 4 | Aug 12, 2014 | Sep 10, 2014 | Oct 03, 2014 | $0.0200 | 1.33% |
| 5 | May 13, 2014 | Jun 11, 2014 | Jul 04, 2014 | $0.0200 | 1.43% |
FAQ
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