True Leaf Brands Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for True Leaf Brands Inc. stock after losing 0%
(Updated on May 21, 2024)
No changes to the price of True Leaf Brands Inc. stock on the last trading day (Tuesday, 21st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0150 to a day high of $0.0150. The price has been going up and down for this period, and there has been a 15.38% gain for the last 2 weeks.
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 $0.0231 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.
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TRLFF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The True Leaf Brands 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 $0.0150 and $0.0154. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.
A buy signal from a double bottom formation was found on Monday, March 11, 2024 and based on theory for this formation the price should go up by 50.00% to $0.0225 within 3 trading days since signal was issued (Wednesday, May 22, 2024).
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 $0.0130 and $0.0121. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, True Leaf Brands Inc. finds support just below today's level at $0.0130. If this is broken, then the next support from accumulated volume will be at $0.0121 and $0.0120.
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 0%
Our recommended stop-loss: $0.0144 (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TRLFF) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect True Leaf Brands Inc. to open at $0.0150, and during the day (based on 14 day Average True Range), to move between $0.0130 and $0.0170, which gives a possible trading interval of +/-$0.0020 (+/-13.26%) 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 26.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0130 (13.33%) than the resistance at $0.0180 (20.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is True Leaf Brands Inc. stock A Buy?
True Leaf Brands Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for True Leaf Brands Inc. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $0.0150 ( 0%) | $0.0150 |
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 | 0.0150 | . | |
| R2 | 0.0150 | . | ||
| R1 | 0.0150 | . | ||
| Current price: | 0.0150 | |||
| Support | S1 | 0.0150 | . | |
| S2 | 0.0150 | . | ||
| S3 | 0.0150 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0183 | 21.67 % | ||
| R1 | 0.0180 | 20.00 % | ||
| Current price | 0.0150 | |||
| Support | S1 | 0.0130 | -13.33% | |
| S2 | 0.0121 | -19.33% | ||
| S3 | 0.0120 | -20.00% |
FAQ
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