Odyssey Group International, Inc. Stock Forecast

Volatile ride for Odyssey Group International, Inc. stock price on Monday moving between $0.0300 and $0.0700
(Updated on May 20, 2024)

ODYY Signals & Forecast

The Odyssey Group International, 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 $0.0326 and $0.0388. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 69.44%. 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). Odyssey Group International, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 $0.0500 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0400 between high and low, or 133.33%. For the last week, the stock has had daily average volatility of 35.15%.

Our recommended stop-loss: $0.0491 (-3.76%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (ODYY) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Odyssey Group International, Inc. to open at $0.0503, and during the day (based on 14 day Average True Range), to move between $0.0427 and $0.0593, which gives a possible trading interval of +/-$0.0083 (+/-16.26%) 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 32.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0511 (0.20%) than the support at $0.0500 (1.96%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Odyssey Group International, Inc. of Tuesday, May 21, 2024

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