GB Sciences Inc Forecast and Stock Analysis
Technical GBLX stock analysis for February 15, 2019.
GB Sciences Inc fell by -16.60% in the last day from $0.24 to $0.20 The price has risen in 5 of the last 10 days and is up by 25.88% over the past 2 weeks. Volume has increased in the last day by 2.14 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.14 million shares bought and sold for approximately $418 547.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the GBLX stock was $0.20. This is 16.6% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 19.43% from a day low at $0.19 to a day high of $0.23.
30 day high of the GBLX stock price was $0.28 and low was $0.15.
90 day high was $0.28 and low was $0.14.
52 week high for the GB Sciences Inc - $0.82 and low - $0.14.
GB Sciences 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 -6.85% during the next 3 months and, with 90% probability hold a price between $0.13 and $0.25 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 Monday February 11, 2019, which indicates further falls until a new bottom pivot has been found. GB Sciences Inc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". GB Sciences Inc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $0.22. On a fall, the stock will find some support from the long-term average at approximately $0.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
GB Sciences Inc finds support from accumulated volume at $0.19.
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 $0.04 between high and low, or 19.43%. For the last week, the stock has had a daily average volatility of 18.72%.
Our recommended stoploss: $0.18 (-6.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 4 days ago.)
Very Low Low Medium High Very High
GB Sciences 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 for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.