Bullish vs. Bearish (1 opinions)
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CTST Forecast and Technical Stock Analysis
Hold candidate since 2019-10-17 PDF
Canntrust Holdings Inc. gained 3.79% in the last trading day ( Thursday, 17th Oct 2019 ), rising from $1.32 to $1.37 During the day the stock fluctuated 11.01% from a day low at $1.26 to a day high of $1.40. The price has fallen in 5 of the last 10 days , but is still up by 23.42% over the past 2 weeks. Volume fell in the last day by -4.39 million shares and in total, 2.85 million shares bought and sold for approximately $3.90 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.
- 30 day high of the CTST stock price was $1.58 and low was $0.77.
- 90 day high was $3.56 and low was $0.77.
- 52 week high for Canntrust Holdings Inc. - $10.78 and low - $0.77.
Canntrust Holdings Inc. 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 -45.97% during the next 3 months and, with 90% probability hold a price between $0.23 and $1.05 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday October 15, 2019, which indicates further falls until a new bottom pivot has been found. Canntrust Holdings Inc. 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 $1.14 and $1.34. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 59 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Canntrust Holdings Inc. finds support from accumulated volume at $1.32.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.14 between high and low, or 11.01%. For the last week, the stock has had a daily average volatility of 26.14%.
Our recommended stop-loss: $1.30 (-4.98%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 day(s) ago.)
26.14 %Average volatility
Very Low Low Medium High Very High
Canntrust Holdings Inc. 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 further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!