PINK:BLKCF
Delisted

Global Blockchain Technologies Corp - Stock Forecast

$0.0165
+0 (+0%)
At Close: Apr 24, 2020
RSI low/high Values: [ 20 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

High volatility in Global Blockchain Technologies Corp - stock price on Friday which ended trading at $0.0165
(Updated on Apr 24, 2020)

Hold candidate since Apr 17, 2019 Loss -86.80% PDF

No changes to the price of Global Blockchain Technologies Corp - stock on the last trading day (Friday, 24th Apr 2020). During the last trading day the stock fluctuated 19.72% from a day low at $0.0142 to a day high of $0.0170. The price has risen in 6 of the last 10 days and is up by 83.33% over the past 2 weeks.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 94.24% during the next 3 months and, with a 90% probability hold a price between $0.0287 and $0.0421 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

BLKCF 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 Global Blockchain Technologies Corp - 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 $0.0183. On a fall, the stock will find some support from the short-term average at $0.0161. 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. A sell signal was issued from a pivot top point on Thursday, April 23, 2020, 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.

Support, Risk & Stop-loss for Global Blockchain Technologies Corp - stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0155 and $0.0150. 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, Global Blockchain Technologies Corp - finds support just below today's level at $0.0155. If this is broken, then the next support from accumulated volume will be at $0.0150 and $0.0145.

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 $0.0028 between high and low, or 19.72%. For the last week the stock has had daily average volatility of 53.62%

Our recommended stop-loss: $0.0159 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (BLKCF) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Global Blockchain Technologies Corp - Ordinary Shares - Class A to open at $0.0159, and during the day (based on 14 day Average True Range), to move between $0.0116 and $0.0214, which gives a possible trading interval of +/-$0.0049 (+/-29.96%) up or down from last closing price. If Global Blockchain Technologies Corp - Ordinary Shares - Class A takes out the full calculated possible swing range there will be an estimated 59.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0170 (3.03%) than the support at $0.0155 (6.06%), 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 Global Blockchain Technologies Corp - Ordinary Shares - Class A stock A Buy?

Global Blockchain Technologies Corp - 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: 0.000 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 Global Blockchain Technologies Corp - Ordinary Shares - Class A of Monday, April 27, 2020

Fair opening price April 27, 2020 Current price
$0.0159 ( 3.64%) $0.0165

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

Trading levels for BLKCF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0187 13.33 %
R2 0.0176 6.85 %
R1 0.0170 2.85 %
Current price: 0.0165
Support S1 0.0148 -10.12 %
S2 0.0142 -14.12 %
S3 0.0131 -20.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0.0179 8.48 %
R1 0.0170 3.03 %
Current price 0.0165
Support S1 0.0155 -6.06%
S2 0.0150 -9.09%
S3 0.0145 -12.12%

FAQ

What is the symbol for Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock and on which exchange is it traded?
The symbol for Global Blockchain Technologies Corp - Ordinary Shares - Class A is BLKCF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock?
Global Blockchain Technologies Corp - 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.

How to buy Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock?
Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock.

What's the current price of Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock?
As of the end of day on the 2020-04-24, the price of an Global Blockchain Technologies Corp - Ordinary Shares - Class A (BLKCF) share was $0.0165.

What is the 52-week high and low for Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock?
The 52-week high for Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock is $0.0290 and the 52-week low is $0.0061.

What is the market capitalization of Global Blockchain Technologies Corp - Ordinary Shares - Class A Stock?
As of the 2020-04-24, the market capitalization of Global Blockchain Technologies Corp - Ordinary Shares - Class A is 37.551K.
Click to get the best stock tips daily for free!