Graphene 3D Lab Stock Forecast
Red day on Friday for Graphene 3D Lab
(Updated on Apr 19, 2024)
No changes to the price of Graphene 3D Lab stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 5.83% from a day low at $0.0600 to a day high of $0.0635. The price has fallen in 5 of the last 10 days and is down by -5.51% for this period.
The stock 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 -9.00% during the next 3 months and, with a 90% probability hold a price between $0.0474 and $0.0648 at the end of this 3-month period.
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GPHBF Signals & Forecast
There are mixed signals in the stock today. The Graphene 3D Lab stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.0612 and $0.0656. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Graphene 3D Lab stock
Graphene 3D Lab finds support from accumulated volume at $0.0592 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0035 between high and low, or 5.83%. For the last week the stock has had daily average volatility of 7.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GPHBF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Graphene 3D Lab to open at $0.0612, and during the day (based on 14 day Average True Range), to move between $0.0539 and $0.0661, which gives a possible trading interval of +/-$0.0061 (+/-10.18%) up or down from last closing price. If Graphene 3D Lab takes out the full calculated possible swing range there will be an estimated 20.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0592 (1.33%) than the resistance at $0.0645 (7.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Graphene 3D Lab stock A Buy?
Graphene 3D Lab holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.411 Sell Candidate Unchanged
Predicted Opening Price for Graphene 3D Lab of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$0.0612 ( 1.94%) | $0.0600 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPHBF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0647 | 7.78 % | |
R2 | 0.0633 | 5.55 % | ||
R1 | 0.0625 | 4.17 % | ||
Current price: | 0.0600 | |||
Support | S1 | 0.0598 | -0.284 % | |
S2 | 0.0590 | -1.66 % | ||
S3 | 0.0577 | -3.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0740 | 23.33 % | |
R2 | 0.0731 | 21.83 % | ||
R1 | 0.0645 | 7.50 % | ||
Current price | 0.0600 | |||
Support | S1 | 0.0592 | -1.33% | |
S2 | 0.0565 | -5.83% | ||
S3 | 0 | . |
FAQ
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