VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will GLNNF stock price go up or down on Mon, 17 Jun 2019?

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Glance Technologies Inc Forecast and Stock Analysis

Technical GLNNF stock analysis for Friday June 14, 2019.

Sell candidate since 2019-06-14


Glance Technologies Inc fell by -6.36% in the last day ( Friday, 14th Jun 2019 ) from $0.11 to $0.10 During day the stock fluctuated 4.04% from a day low at $0.10 to a day high of $0.10. The price has risen in 5 of the last 10 days , but is still down by -1.44% for this period. Volume has increased in the last day by 258 696 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, 258 696 shares bought and sold for approximately $26 645.70.

Quick summary:

  • 30 day high of the GLNNF stock price was $0.11 and low was $0.09.
  • 90 day high was $0.13 and low was $0.09.
  • 52 week high for the Glance Technologies Inc - $0.46 and low - $0.07.

Trend

Glance Technologies Inc lies in the middle of a 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 -10.38% during the next 3 months and, with 90% probability hold a price between $0.08 and $0.10 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Glance Technologies Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.11 and $0.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday June 13, 2019, which indicates further falls until a new bottom pivot has been found. Glance Technologies 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". The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 37 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $0.10 Resistance: $0.11

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.00 (4.04%) between high and low. For the last week, the stock has had a daily average volatility of 9.38%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

9.38 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Glance Technologies Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Sell Candidate.

Strong Sell Candidate Downgraded

Will GLNNF stock price go up or down on Mon, 17 Jun 2019?

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