Bullish vs. Bearish (114 opinions)
Social Sentiment 0.11
HEXO Forecast and Technical Stock Analysis
Buy candidate since 2019-11-21 PDF
HEXO Corp. gained 33.68% in the last trading day ( Thursday, 21st Nov 2019 ), rising from $1.90 to $2.54 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 38.46% from a day low at $1.95 to a day high of $2.70. The price has fallen in 5 of the last 10 days , but is still up by 14.93% 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, 14.35 million more shares were traded than the day before. In total, 22.90 million shares bought and sold for approximately $58.16 million.
- 30 day high of the HEXO stock price was $2.86 and low was $1.56.
- 90 day high was $4.75 and low was $1.56.
- 52 week high for HEXO Corp. - $8.40 and low - $1.56.
HEXO Corp. has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $2.50, a level that may pose a second chance to hit a runner. According to fan-theory $3.93 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. HEXO Corp. holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $1.93 and $2.47. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday November 18, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 58 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
HEXO Corp. finds support from accumulated volume at $2.53.
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 $0.75 between high and low, or 38.46%. For the last week, the stock has had a daily average volatility of 17.88%.
Our recommended stop-loss: $2.41 (-5.10%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)
17.88 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 114 votes on StockTwits.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!