Integrated Cannabis Solutions Inc Stock Forecast
Red day on Tuesday for Integrated Cannabis Solutions Inc
(Updated on May 07, 2024)
The Integrated Cannabis Solutions Inc stock price fell by -4.01% on the last day (Tuesday, 7th May 2024) from $0.0100 to $0.0096. During the last trading day the stock fluctuated 8.26% from a day low at $0.0092 to a day high of $0.0100. The price has fallen in 6 of the last 10 days and is down by -28.9% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 11 million shares were bought and sold for approximately $109.37 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.51% during the next 3 months and, with a 90% probability hold a price between $0.0046 and $0.0219 at the end of this 3-month period.
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IGPK Signals & Forecast
There are few to no technical positive signals at the moment. The Integrated Cannabis Solutions Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0107 and $0.0098. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -50.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Integrated Cannabis Solutions Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0087 and $0.0086. 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, Integrated Cannabis Solutions Inc finds support just below today's level at $0.0087. If this is broken, then the next support from accumulated volume will be at $0.0086 and $0.0074.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0008 between high and low, or 8.26%. For the last week the stock has had daily average volatility of 17.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IGPK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Integrated Cannabis Solutions Inc to open at $0.0096, and during the day (based on 14 day Average True Range), to move between $0.0074 and $0.0118, which gives a possible trading interval of +/-$0.0022 (+/-23.31%) up or down from last closing price. If Integrated Cannabis Solutions Inc takes out the full calculated possible swing range there will be an estimated 46.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0097 (1.05%) than the support at $0.0087 (9.37%), 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 Integrated Cannabis Solutions Inc stock A Buy?
The Integrated Cannabis Solutions Inc stock holds several negative signals and despite the positive trend, we believe Integrated Cannabis Solutions Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.024 Sell Candidate Unchanged
Predicted Opening Price for Integrated Cannabis Solutions Inc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0096 ( 0.132%) | $0.0096 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGPK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0103 | 7.79 % | |
| R2 | 0.0101 | 4.76 % | ||
| R1 | 0.0099 | 2.89 % | ||
| Current price: | 0.0096 | |||
| Support | S1 | 0.0093 | -3.16 % | |
| S2 | 0.0091 | -5.02 % | ||
| S3 | 0.0088 | -8.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0114 | 18.76 % | |
| R2 | 0.0098 | 2.09 % | ||
| R1 | 0.0097 | 1.05 % | ||
| Current price | 0.0096 | |||
| Support | S1 | 0.0087 | -9.37% | |
| S2 | 0.0086 | -10.41% | ||
| S3 | 0.0074 | -22.91% |
FAQ
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