MJNA Forecast and Technical Stock Analysis
Sell candidate since 2019-08-16 Loss -3.69%
No changes to the price of Medical Marijuana Inc. in the last trading day ( Tuesday, 20th Aug 2019 ). During the day the stock fluctuated 33.04% from a day low at $0.05 to a day high of $0.06. The price has risen in 5 of the last 10 days and is up by 8.05% over the past 2 weeks.
- 30 day high of the MJNA stock price was $0.07 and low was $0.04.
- 90 day high was $0.08 and low was $0.04.
- 52 week high for Medical Marijuana Inc. - $0.12 and low - $0.04.
Medical Marijuana 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 -27.80% during the next 3 months and, with 90% probability hold a price between $0.03 and $0.04 at the end of this period.
There are mixed signals in the stock today. Medical Marijuana Inc. holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $0.05 and $0.05. 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". A buy signal was issued from a pivot bottom point on Monday August 19, 2019, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 56 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
Medical Marijuana Inc. finds support from accumulated volume at $0.05.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.01 between high and low, or 33.04%. For the last week the stock has had a daily average volatility of 19.85%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
19.85 %Average volatility
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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!