Plant & Co. Brands Ltd. Stock Forecast
Plant & Co. Brands Ltd. stock price ended at $0.267 on Tuesday, after losing 0%.
(Updated on May 07, 2024)
No changes to the price of Plant & Co. Brands Ltd. stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.267 to a day high of $0.267. The price has fallen in 4 of the last 10 days and is down by -1.27% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.33% during the next 3 months and, with a 90% probability hold a price between $0.167 and $0.254 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VGANF Signals & Forecast
The Plant & Co. Brands Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.278. On a fall, the stock will find some support from the long-term average at approximately $0.257. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, May 06, 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. 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 Plant & Co. Brands Ltd. stock
Plant & Co. Brands Ltd. finds support from accumulated volume at $0.258 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.70%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VGANF) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Plant & Co. Brands Ltd. to open at $0.267, and during the day (based on 14 day Average True Range), to move between $0.259 and $0.275, which gives a possible trading interval of +/-$0.0082 (+/-3.08%) up or down from last closing price. If Plant & Co. Brands Ltd. takes out the full calculated possible swing range there will be an estimated 6.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.258 (3.52%) than the resistance at $0.282 (5.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Plant & Co. Brands Ltd. stock A Buy?
Plant & Co. Brands Ltd. 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.
Current score: -1.604 Sell Candidate Unchanged
Predicted Opening Price for Plant & Co. Brands Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.267 ( 0%) | $0.267 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGANF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.267 | . | |
| R2 | 0.267 | . | ||
| R1 | 0.267 | . | ||
| Current price: | 0.267 | |||
| Support | S1 | 0.267 | . | |
| S2 | 0.267 | . | ||
| S3 | 0.267 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.320 | 19.76 % | |
| R2 | 0.309 | 15.76 % | ||
| R1 | 0.282 | 5.50 % | ||
| Current price | 0.267 | |||
| Support | S1 | 0.258 | -3.52% | |
| S2 | 0.250 | -6.44% | ||
| S3 | 0.244 | -8.61% |
FAQ
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