Global Warming Solutions, Inc. Stock Forecast
Big movements in Global Warming Solutions, Inc. stock price on Friday moving 17.99% between high and low
(Updated on May 17, 2024)
The Global Warming Solutions, Inc. stock price gained 6.42% on the last trading day (Friday, 17th May 2024), rising from $2.65 to $2.82. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 17.99% from a day low at $2.39 to a day high of $2.82. The price has been going up and down for this period, and there has been a 24.23% gain for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 7 thousand shares were bought and sold for approximately $19.76 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.
Given the current short-term trend, the stock is expected to fall -50.84% during the next 3 months and, with a 90% probability hold a price between $0.788 and $1.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GWSO Signals & Forecast
The Global Warming Solutions, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.32 and $2.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 42.42%. Further rise is indicated until a new top pivot has been found. 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. 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.
Support, Risk & Stop-loss for Global Warming Solutions, Inc. stock
Global Warming Solutions, Inc. finds support from accumulated volume at $2.71 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 $0.430 between high and low, or 17.99%. For the last week the stock has had daily average volatility of 16.14%.
Our recommended stop-loss: $2.73 (-3.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (GWSO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Global Warming Solutions, Inc. to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.55 and $3.09, which gives a possible trading interval of +/-$0.267 (+/-9.46%) up or down from last closing price. If Global Warming Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 18.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.71 (4.08%) than the resistance at $2.98 (5.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global Warming Solutions, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.721 Buy Candidate Unchanged
Predicted Opening Price for Global Warming Solutions, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $2.68 ( 5.08%) | $2.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GWSO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.11 | 10.17 % | |
| R2 | 2.94 | 4.34 % | ||
| R1 | 2.84 | 0.742 % | ||
| Current price: | 2.82 | |||
| Support | S1 | 2.51 | -10.91 % | |
| S2 | 2.41 | -14.51 % | ||
| S3 | 2.25 | -20.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.33 | 18.09 % | |
| R2 | 3.20 | 13.48 % | ||
| R1 | 2.98 | 5.67 % | ||
| Current price | 2.82 | |||
| Support | S1 | 2.71 | -4.08% | |
| S2 | 2.37 | -15.96% | ||
| S3 | 2.35 | -16.67% |
FAQ
Click here for our free guide on how to buy Global Warming Solutions, Inc. Stock.
