CANN - General Cannabis Corp

Industry: Property Management Sector: Financial Exchange: OTCBB

CANN - General Cannabis Corp

Industry: Property Management Sector: Financial Exchange: OTCBB

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.34%
PRICE $3.59





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General Cannabis Corp Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Hold candidate since 2018-10-17

General Cannabis Corp gained 0.34% in the last trading day, rising from $3.58 to $3.59 The price has been going up and down for this period, and there has been a 4.97% gain for the last 2 weeks. Volume fell in the last day by -352 633 shares, and in total, 339 744 shares bought and sold for approximately $1.22 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.


General Cannabis Corp 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 30.35% during the next 3 months and, with 90% probability hold a price between $3.89 and $6.22 at the end of this period.

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General Cannabis Corp holds buy signals from both short- and long-term moving averages, 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 $3.36 and $3.57. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 16, 2018, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $3.41 and $3.37.

There is 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, General Cannabis Corp finds support just below today's level at $3.41. If this is broken, then the next support from accumulated volume will be at $3.37 and $3.28.

Support: $3.41 Price: $3.59 Resistance: $4.00


This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.31 between high and low, or 9.17%. For the last week the stock has had a daily average volatility of 12.79%.

Our recommended stoploss: $3.35 (-6.58%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High


General Cannabis Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.


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