TILT Holdings Inc. Stock Forecast
High volatility in TILT Holdings Inc. stock price on Friday which ended trading at $0.0184
(Updated on Jun 28, 2024)
The TILT Holdings Inc. stock price fell by -16.36% on the last day (Friday, 28th Jun 2024) from $0.0220 to $0.0184. During the last trading day the stock fluctuated 19.57% from a day low at $0.0184 to a day high of $0.0220. The price has fallen in 6 of the last 10 days and is down by -40.65% for this period. Volume has increased on the last day by 295 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 308 thousand shares were bought and sold for approximately $5.67 thousand.
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 $0.0175 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.17% during the next 3 months and, with a 90% probability hold a price between $0.0147 and $0.0304 at the end of this 3-month period.
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TLLTF Signals & Forecast
There are few to no technical positive signals at the moment. The TILT 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 $0.0214 and $0.0310. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -57.31%. 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). TILT Holdings Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TILT 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.
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 $0.0036 between high and low, or 19.57%. For the last week, the stock has had daily average volatility of 8.35%.
TILT Holdings Inc. is oversold on RSI14 (18). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLLTF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TILT Holdings Inc. to open at $0.0196, and during the day (based on 14 day Average True Range), to move between $0.0148 and $0.0220, which gives a possible trading interval of +/-$0.0036 (+/-19.71%) up or down from last closing price. If TILT Holdings Inc. takes out the full calculated possible swing range there will be an estimated 39.41% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0201, some $0.0017 (9.24%) from the current price of $0.0184, our system finds the risk reward not very attractive.
Is TILT Holdings Inc. stock A Buy?
TILT 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.613 Strong Sell Candidate Downgraded
Predicted Opening Price for TILT Holdings Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0196 ( 6.52%) | $0.0184 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLLTF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0232 | 26.09% |
| R2 | 0.0218 | 18.61% |
| R1 | 0.0210 | 14.00% |
| Price | 0.0184 | |
| S1 | 0.0182 | -0.95% |
| S2 | 0.0174 | -5.57% |
| S3 | 0.0160 | -13.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0227 | 23.37% |
| R2 | 0.0220 | 19.57% |
| R1 | 0.0201 | 9.24% |
| Price | 0.0184 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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