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Toughbuilt Industries Inc. Stock Forecast NASDAQ:TBLT

$0.39 (5.49%)

Volume: 2M

Closed: Dec 07, 2021

Hollow Logo Score: -2.243

Toughbuilt Industries Inc. Stock Forecast

$0.39 (5.49%)

Volume: 2M

Closed: Dec 07, 2021

Score Hollow Logo -2.243
Which way will TBLT go? Request
Key Stats
Beta 0.77
* 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 ] The Toughbuilt Industries Inc. stock currently holds an RSI14 at 19 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

On Tuesday Toughbuilt Industries Inc. stock price gained impressive 5.49%
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-16 Loss -20.00%

The Toughbuilt Industries Inc. stock price gained 5.49% on the last trading day (Tuesday, 7th Dec 2021), rising from $0.37 to $0.39. During the day the stock fluctuated 8.52% from a day low at $0.36 to a day high of $0.40. The price has fallen in 7 of the last 10 days and is down by -4.65% for this period. Volume fell on the last day by -380 thousand shares and in total, 2 million shares were bought and sold for approximately $713.43 thousand. 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 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 $0.37 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.67% during the next 3 months and, with a 90% probability hold a price between $0.29 and $0.40 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Toughbuilt Industries Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.48. On a fall, the stock will find some support from the short-term average at $0.38. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 also not. A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 5.49%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Toughbuilt Industries Inc. finds support from accumulated volume at $0.39 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 $0.0310 between high and low, or 8.52%. For the last week the stock has had a daily average volatility of 7.09%.

Toughbuilt Industries Inc. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is Toughbuilt Industries Inc. stock A Buy?

Toughbuilt Industries Inc. holds several negative signals and we believe that 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: -2.243

Predicted Opening Price for Toughbuilt Industries Inc. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$0.38 $0.39 (Overvalued)
Sell Candidate Upgraded

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Analyst Ratings

On Dec 02, 2021 "HC Wainwright" gave "$1.50" rating for TBLT. The price target was changed from $0.38 to 1.2%.

Volatility and Risk
Daily Average Volatility: 7.09 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.09 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.41
Price: $0.39
Support: $0.39

TBLT Insider Trading Show all Trades

INSIDER POWER

Last 1 transactions
Buy: 11 000 | Sell: 0 (Shares)
Date Action Amount Person Type
Sep 14, 2018 Buy 11 000 Khachatoorian Zareh Options
Show all Insider Trades
INSIDER POWER

Last 1 transactions
Buy: 11 000 | Sell: 0 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.41 6.15 %
0.40 3.12 %
0.39 1.24 %
Current price: 0.39
Support 0.37 -4.83 %
0.36 -6.71 %
0.35 -9.74 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.46 17.44 %
0.43 10.26 %
0.41 4.87 %
Current price 0.39
Support 0.39 -0.10%
0.38 -1.92%
0.37 -5.21%

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