Planet 13 Holdings Inc. Stock Forecast
Planet 13 Holdings Inc. stock upgraded to Sell Candidate.
(Updated on Jun 17, 2024)
No changes to the price of Planet 13 Holdings Inc. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.660 to a day high of $0.660. The price has fallen in 5 of the last 10 days and is down by -17.5% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.609 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.69% during the next 3 months and, with a 90% probability hold a price between $0.556 and $0.90 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PLTH.CN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. 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 Planet 13 Holdings 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 $0.726 and $0.81. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Planet 13 Holdings Inc. stock
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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 4.64%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLTH.CN) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Planet 13 Holdings Inc. to open at $0.660, and during the day (based on 14 day Average True Range), to move between $0.616 and $0.704, which gives a possible trading interval of +/-$0.0435 (+/-6.59%) up or down from last closing price. If Planet 13 Holdings Inc. takes out the full calculated possible swing range there will be an estimated 13.19% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.690, some $0.0300 (4.55%) from the current price of $0.660, our system finds the risk reward not very attractive.
Is Planet 13 Holdings Inc. stock A Buy?
Planet 13 Holdings 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.949 Sell Candidate Upgraded
Predicted Opening Price for Planet 13 Holdings Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.660 ( 0%) | $0.660 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLTH.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.660 | - |
| R2 | 0.660 | - |
| R1 | 0.660 | - |
| Price | 0.660 | |
| S1 | 0.660 | - |
| S2 | 0.660 | - |
| S3 | 0.660 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.82 | 24.24% |
| R2 | 0.750 | 13.64% |
| R1 | 0.690 | 4.55% |
| Price | 0.660 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Planet 13 Holdings Inc. Stock.
