Optimi Health Corp. Stock Forecast
Green day on Monday for Optimi Health Corp. stock after gaining 0.0371%
(Updated on May 20, 2024)
The Optimi Health Corp. stock price gained 0.0371% on the last trading day (Monday, 20th May 2024), rising from $0.270 to $0.270. It has now gained 4 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 4.48% from a day low at $0.268 to a day high of $0.280. The price has risen in 6 of the last 10 days and is up by 10.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $1.93 thousand.
The stock lies in the middle of a very wide and strong 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 36.18% during the next 3 months and, with a 90% probability hold a price between $0.276 and $0.393 at the end of this 3-month period.
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OPTHF Signals & Forecast
The Optimi Health Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.263 and $0.225. A breakdown below any of these levels will issue sell signals. Optimi Health Corp. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -3.19%. 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).
Support, Risk & Stop-loss for Optimi Health Corp. stock
Optimi Health Corp. finds support from accumulated volume at $0.258 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0120 between high and low, or 4.48%. For the last week, the stock has had daily average volatility of 6.78%.
Our recommended stop-loss: $0.257 (-4.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (OPTHF) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Optimi Health Corp. to open at $0.273, and during the day (based on 14 day Average True Range), to move between $0.252 and $0.288, which gives a possible trading interval of +/-$0.0182 (+/-6.76%) up or down from last closing price. If Optimi Health Corp. takes out the full calculated possible swing range there will be an estimated 13.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.277 (2.41%) than the support at $0.258 (4.41%), 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 Optimi Health Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Optimi Health Corp. stock to perform well in the short-term.
Current score: 3.453 Buy Candidate Unchanged
Predicted Opening Price for Optimi Health Corp. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.273 ( 0.99%) | $0.270 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OPTHF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.285 | 5.43 % | |
| R2 | 0.280 | 3.73 % | ||
| R1 | 0.277 | 2.69 % | ||
| Current price: | 0.270 | |||
| Support | S1 | 0.268 | -0.710 % | |
| S2 | 0.265 | -1.76 % | ||
| S3 | 0.261 | -3.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.279 | 3.30 % | ||
| R1 | 0.277 | 2.41 % | ||
| Current price | 0.270 | |||
| Support | S1 | 0.258 | -4.41% | |
| S2 | 0.244 | -9.50% | ||
| S3 | 0.235 | -12.96% |
FAQ
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