Ianthus Capital Holdings Inc Stock Forecast
Big movements in Ianthus Capital Holdings Inc stock price on Thursday moving 13.94% between high and low
(Updated on Apr 25, 2024)
The Ianthus Capital Holdings Inc stock price fell by -1.57% on the last day (Thursday, 25th Apr 2024) from $0.0191 to $0.0188. During the last trading day the stock fluctuated 13.94% from a day low at $0.0165 to a day high of $0.0188. The price has fallen in 6 of the last 10 days and is down by -6.47% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 3 thousand shares were bought and sold for approximately $60.16 .
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 -23.97% during the next 3 months and, with a 90% probability hold a price between $0.0105 and $0.0170 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ITHUF Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 10.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ianthus Capital Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0192. On a fall, the stock will find some support from the short-term average at $0.0185. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Ianthus Capital Holdings Inc stock
Ianthus Capital Holdings Inc finds support from accumulated volume at $0.0188 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0023 between high and low, or 13.94%. For the last week the stock has had daily average volatility of 14.71%.
Our recommended stop-loss: $0.0180 (-4.41%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (ITHUF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ianthus Capital Holdings Inc to open at $0.0180, and during the day (based on 14 day Average True Range), to move between $0.0153 and $0.0223, which gives a possible trading interval of +/-$0.0035 (+/-18.61%) up or down from last closing price. If Ianthus Capital Holdings Inc takes out the full calculated possible swing range there will be an estimated 37.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0188 (0.27%) than the resistance at $0.0200 (6.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ianthus Capital Holdings Inc stock A Buy?
Ianthus Capital Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.972 Hold/Accumulate Upgraded
Predicted Opening Price for Ianthus Capital Holdings Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0180 ( 4.08%) | $0.0188 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITHUF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0203 | 8.16 % | |
| R2 | 0.0195 | 3.48 % | ||
| R1 | 0.0189 | 0.595 % | ||
| Current price: | 0.0188 | |||
| Support | S1 | 0.0172 | -8.75 % | |
| S2 | 0.0166 | -11.64 % | ||
| S3 | 0.0157 | -16.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0205 | 9.04 % | |
| R2 | 0.0204 | 8.51 % | ||
| R1 | 0.0200 | 6.38 % | ||
| Current price | 0.0188 | |||
| Support | S1 | 0.0188 | -0.266% | |
| S2 | 0.0185 | -1.60% | ||
| S3 | 0.0180 | -4.26% |
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