Glance Technologies Inc Forecast and Stock Analysis
Technical GLNNF stock analysis for March 19, 2019.
Glance Technologies Inc fell by -0.91% in the last day from $0.12 to $0.12 and has now fallen 5 days in a row. The price has fallen in 7 of the last 10 days and is down by -11.22% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -67 144 shares and in total 181 636 shares bought and sold for approximately $21 741.80.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the GLNNF stock was $0.12. This is 0.91% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 6.35% from a day low at $0.12 to a day high of $0.12.
30 day high of the GLNNF stock price was $0.15 and low was $0.11.
90 day high was $0.18 and low was $0.07.
52 week high for the Glance Technologies Inc - $0.68 and low - $0.07.
Glance Technologies Inc lies in the middle of a very wide and weak 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 4.84% during the next 3 months and, with 90% probability hold a price between $0.09 and $0.18 at the end of this period.
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 $0.12 and $0.13. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.11 and $0.09.
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, Glance Technologies Inc finds support just below today's level at $0.11. If this is broken, then the next support from accumulated volume will be at $0.09 and $0.09.
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 $0.01 between high and low, or 6.35%. For the last week the stock has had a daily average volatility of 8.78%.
Glance Technologies Inc is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The Glance Technologies Inc stock holds several negative signals and despite the positive trend we believe Glance Technologies Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.