Odyssey Group International, Inc. Stock Forecast
Green day on Tuesday for Odyssey Group International, Inc. stock after gaining 1.32%
(Updated on Apr 30, 2024)
The Odyssey Group International, Inc. stock price gained 1.32% on the last trading day (Tuesday, 30th Apr 2024), rising from $0.0380 to $0.0385. During the last trading day the stock fluctuated 0% from a day low at $0.0385 to a day high of $0.0385. The price has risen in 5 of the last 10 days but is still down by -3.75% for this period. Volume fell on the last day by -13 thousand shares and in total, 100 shares were bought and sold for approximately $3.85 . 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. Given the current short-term trend, the stock is expected to fall -45.96% during the next 3 months and, with a 90% probability hold a price between $0.0099 and $0.0252 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.
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ODYY Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 27.91%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Odyssey Group International, 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 $0.0387 and $0.0428. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Odyssey Group International, Inc. stock
Odyssey Group International, Inc. finds support from accumulated volume at $0.0372 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 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ODYY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Odyssey Group International, Inc. to open at $0.0385, and during the day (based on 14 day Average True Range), to move between $0.0299 and $0.0471, which gives a possible trading interval of +/-$0.0086 (+/-22.41%) up or down from last closing price. If Odyssey Group International, Inc. takes out the full calculated possible swing range there will be an estimated 44.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0390 (1.30%) than the support at $0.0372 (3.38%), 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 Odyssey Group International, Inc. stock A Buy?
Odyssey Group International, 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.
Current score: -4.383 Sell Candidate Unchanged
Predicted Opening Price for Odyssey Group International, Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.0385 ( 0%) | $0.0385 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ODYY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0385 | . | |
| R2 | 0.0385 | . | ||
| R1 | 0.0385 | . | ||
| Current price: | 0.0385 | |||
| Support | S1 | 0.0385 | . | |
| S2 | 0.0385 | . | ||
| S3 | 0.0385 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0420 | 9.09 % | |
| R2 | 0.0400 | 3.90 % | ||
| R1 | 0.0390 | 1.30 % | ||
| Current price | 0.0385 | |||
| Support | S1 | 0.0372 | -3.38% | |
| S2 | 0.0350 | -9.09% | ||
| S3 | 0.0330 | -14.29% |
FAQ
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