Good Vibrations Shoes Inc. Stock Forecast
High volatility in Good Vibrations Shoes Inc. stock price on Friday which ended trading at $0.0024
(Updated on Apr 26, 2024)
The Good Vibrations Shoes Inc. stock price gained 9.09% on the last trading day (Friday, 26th Apr 2024), rising from $0.0022 to $0.0024. During the last trading day the stock fluctuated 22.73% from a day low at $0.0022 to a day high of $0.0027. The price has fallen in 6 of the last 10 days and is down by -7.69% for this period. Volume fell on the last day by -875 thousand shares and in total, 713 thousand shares were bought and sold for approximately $1.71 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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GVSI Signals & Forecast
There are mixed signals in the stock today. The Good Vibrations Shoes Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0028. On a fall, the stock will find some support from the short-term average at $0.0023. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -7.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Good Vibrations Shoes Inc. stock
Good Vibrations Shoes Inc. finds support from accumulated volume at $0.0023 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0005 between high and low, or 22.73%. For the last week the stock has had daily average volatility of 10.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GVSI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Good Vibrations Shoes Inc. to open at $0.0024, and during the day (based on 14 day Average True Range), to move between $0.0018 and $0.0030, which gives a possible trading interval of +/-$0.0006 (+/-24.12%) up or down from last closing price. If Good Vibrations Shoes Inc. takes out the full calculated possible swing range there will be an estimated 48.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0023 (4.17%) than the resistance at $0.0025 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Good Vibrations Shoes Inc. stock A Buy?
Good Vibrations Shoes Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.359 Sell Candidate Unchanged
Predicted Opening Price for Good Vibrations Shoes Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$0.0024 ( 1.39%) | $0.0024 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVSI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0029 | 22.22 % | |
R2 | 0.0027 | 14.26 % | ||
R1 | 0.0026 | 9.35 % | ||
Current price: | 0.0024 | |||
Support | S1 | 0.0022 | -6.57 % | |
S2 | 0.0021 | -11.49 % | ||
S3 | 0.0019 | -19.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.0026 | 8.33 % | ||
R1 | 0.0025 | 4.17 % | ||
Current price | 0.0024 | |||
Support | S1 | 0.0023 | -4.17% | |
S2 | 0.0022 | -8.33% | ||
S3 | 0.0019 | -20.83% |
FAQ
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