True Leaf Brands Inc. Stock Forecast
Strong day for True Leaf Brands Inc. stock price on Friday rising 33.33% to $0.0180
(Updated on May 03, 2024)
The True Leaf Brands Inc. stock price gained 33.33% on the last trading day (Friday, 3rd May 2024), rising from $0.0135 to $0.0180. During the last trading day the stock fluctuated 0% from a day low at $0.0180 to a day high of $0.0180. The price has been going up and down for this period, and there has been a -10% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $32.99 .
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect True Leaf Brands Inc. stock with a 90% probability to be traded between $0.0121 and $0.0244 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TRLFF Signals & Forecast
The True Leaf Brands 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 $0.0155 and $0.0156. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). True Leaf Brands 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. 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 Tuesday, February 06, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for True Leaf Brands Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0152 and $0.0136. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0136 may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 7.04%.
Our recommended stop-loss: $0.0170 (-5.82%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 61 days ago.)
Trading Expectations (TRLFF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect True Leaf Brands Inc. to open at $0.0180, and during the day (based on 14 day Average True Range), to move between $0.0150 and $0.0210, which gives a possible trading interval of +/-$0.0030 (+/-16.45%) up or down from last closing price. If True Leaf Brands Inc. takes out the full calculated possible swing range there will be an estimated 32.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0200 (11.11%) than the support at $0.0152 (15.56%), 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 True Leaf Brands Inc. stock A Buy?
True Leaf Brands 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.
Current score: -0.059 Hold/Accumulate Unchanged
Predicted Opening Price for True Leaf Brands Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0180 ( 0%) | $0.0180 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRLFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0180 | . | |
| R2 | 0.0180 | . | ||
| R1 | 0.0180 | . | ||
| Current price: | 0.0180 | |||
| Support | S1 | 0.0180 | . | |
| S2 | 0.0180 | . | ||
| S3 | 0.0180 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0205 | 13.89 % | |
| R2 | 0.0202 | 12.22 % | ||
| R1 | 0.0200 | 11.11 % | ||
| Current price | 0.0180 | |||
| Support | S1 | 0.0152 | -15.56% | |
| S2 | 0.0136 | -24.44% | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy True Leaf Brands Inc. Stock.
