HEXO Forecast and Technical Stock Analysis
Sell candidate since 2019-09-24 Loss -56.25% PDF
HEXO Corp. gained 14.47% in the last trading day ( Tuesday, 19th Nov 2019 ), rising from $1.59 to $1.82 During the day the stock fluctuated 18.59% from a day low at $1.56 to a day high of $1.85. The price has fallen in 5 of the last 10 days and is down by -11.65% for this period. Volume fell in the last day by -1.51 million shares and in total, 4.86 million shares bought and sold for approximately $8.85 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 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. 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 -52.76% during the next 3 months and, with 90% probability hold a price between $0.55 and $1.23 at the end of this period.
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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. HEXO Corp. 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 $1.90 and $2.56. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 36 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 $1.79.
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 $0.29 between high and low, or 18.59%. For the last week, the stock has had a daily average volatility of 10.77%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
10.77 %Average volatility
Very Low Low Medium High Very High
HEXO Corp. holds several negative signals and is within a very 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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!