Glance Technologies Inc Stock Analysis
Technical stock analysis for 18 January 2019
Glance Technologies Inc gained 0.13% in the last trading day, rising from $0.14 to $0.14 The price has risen in 6 of the last 10 days and is up by 1.58% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 33 350 more shares were traded than the day before. In total, 131 060 shares bought and sold for approximately $17 732.40.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the GLNNF stock was $0.14. This is 0.13% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 9.12% from a day low at $0.13 to a day high of $0.14.
30 day high of the GLNNF stock price was $0.18 and low was $0.07.
90 day high was $0.19 and low was $0.07.
52 week high for the Glance Technologies Inc - $1.58 and low - $0.07.
Glance Technologies 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 -17.18% during the next 3 months and, with 90% probability hold a price between $0.06 and $0.14 at the end of this period.
Only positive signals in the chart today. Glance Technologies 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 $0.14. On a fall, the stock will find some support from the long-term average at approximately $0.13. 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. A buy signal was issued from a pivot bottom point on Thursday January 17, 2019, which indicates further gains until a new top pivot has been found. Glance Technologies Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
Glance Technologies Inc finds support from accumulated volume at $0.13.
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 $0.01 between high and low, or 9.12%. For the last week, the stock has had a daily average volatility of 14.00%.
Our recommended stoploss: $0.12 (-8.17%) (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.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.