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Today MMNFF ranks #17095 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$0.15 (-1.96%)

Volume: 3M

Closed: Jan 19, 2022

Hollow Logo Score: -5.682

Medmen Enterprises Inc Stock Forecast

$0.15 (-1.96%)

Volume: 3M

Closed: Jan 19, 2022

Score Hollow Logo -5.682
Which way will MMNFF go? Request

MMNFF Stock Risk

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0116 between high and low, or 7.79%. For the last week the stock has had a daily average volatility of 8.97%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 29 and the stock is currently not being overbought or oversold

Medmen Enterprises Inc stock downgraded from Sell Candidate to Strong Sell Candidate after Wednesday trading session.
(Updated on Jan 19, 2022)


Sell candidate since 2021-11-15 Loss -40.52% PDF

The Medmen Enterprises Inc stock price fell by -1.96% on the last day (Wednesday, 19th Jan 2022) from $0.15 to $0.15. and has now fallen 3 days in a row. During the day the stock fluctuated 7.79% from a day low at $0.15 to a day high of $0.16. The price has fallen in 7 of the last 10 days and is down by -11.24% 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 -3 million shares and in total, 3 million shares were bought and sold for approximately $519.80 thousand.

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. Given the current short-term trend, the stock is expected to fall -39.81% during the next 3 months and, with a 90% probability hold a price between $0.0745 and $0.11 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.

Signals & Forecast

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. The Medmen Enterprises 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 $0.16 and $0.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 23, 2021, and so far it has fallen -18.48%. Further fall is indicated until a new bottom pivot has been found. 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

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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0116 between high and low, or 7.79%. For the last week the stock has had a daily average volatility of 8.97%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Medmen Enterprises Inc stock A Buy?

Medmen Enterprises 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.682

Strong Sell Candidate Downgraded

Insiders are negative as most recent trades are sells in Medmen Enterprises Inc

In the last 100 trades there were 372.82 million shares bought and 347.07 million shares sold. The last trade was done 43 days ago by Smith Cameron Dovi who bough 143.5 thousand shares. For the period there has been more stocks bought than sold among the insiders, but most of the latest transaction have been insiders selling. There can be a variety of reasons for this, but the stock should be watched more closely.

Predicted Opening Price for Medmen Enterprises Inc of Thursday, January 20, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price January 20, 2022 Current price
$0.15 $0.15 (Undervalued)

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Volatility and Risk
Daily Average Volatility: 8.97 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.97 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.15
Price: $0.15
No Support Found

MMNFF Insider Trading Show all Trades

INSIDER POWER

-10.218

Last 100 transactions
Buy: 372 819 585 | Sell: 347 073 174 (Shares)
Date Action Amount Person Type
Dec 09, 2021 Buy 143 499 Smith Cameron Dovi Class B Subordinate Voting Shares
Dec 09, 2021 Buy 143 499 Schweizer Errol Class B Subordinate Voting Shares
Dec 09, 2021 Buy 14 924 Record Edward J Class B Subordinate Voting Shares
Dec 09, 2021 Buy 14 924 Hsu David Class B Subordinate Voting Shares
Dec 09, 2021 Buy 160 824 Elias Melvin Class B Subordinate Voting Shares
Show all Insider Trades
INSIDER POWER

-10.218

Last 100 transactions
Buy: 372 819 585 | Sell: 347 073 174 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.16 9.87 %
0.16 6.91 %
0.16 5.09 %
Current price: 0.15
Support 0.15 -0.82 %
0.15 -2.65 %
0.14 -5.60 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.17 13.67 %
0.16 9.33 %
0.15 2.00 %
Current price 0.15
Support 0 .
0 .
0 .

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About Medmen Enterprises Inc

Medmen Enterprises MedMen Enterprises Inc., together with its subsidiaries, operates as a cannabis company in the United States. The company cultivates, produces, distributes, and retails recreational and medicinal cannabis under the LuxLyte and MedMen Red brand names. As of October 19, 2021, it operated 28 stores. MedMen Enterprises Inc. was founded in 2010 and is headquartered in Culver City, California.... Read more

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