Theralase Technologies Inc. Stock Forecast
Red day on Wednesday for Theralase Technologies Inc. stock after losing 4.31%
(Updated on Apr 17, 2024)
The Theralase Technologies Inc. stock price fell by -4.31% on the last day (Wednesday, 17th Apr 2024) from $0.125 to $0.120. During the last trading day the stock fluctuated 5.88% from a day low at $0.120 to a day high of $0.127. The price has risen in 5 of the last 10 days and is up by 4.26% over the past 2 weeks. Volume has increased on the last day by 39 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 51 thousand shares were bought and sold for approximately $6.06 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.114 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.04% during the next 3 months and, with a 90% probability hold a price between $0.111 and $0.173 at the end of this 3-month period.
TLTFF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 4.26%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Theralase Technologies Inc. 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 $0.126 and $0.139. A break-up above any of these levels will issue buy signals. Theralase Technologies Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Theralase Technologies Inc. stock
Theralase Technologies Inc. finds support from accumulated volume at $0.119 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0071 between high and low, or 5.88%. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLTFF) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Theralase Technologies Inc. to open at $0.122, and during the day (based on 14 day Average True Range), to move between $0.111 and $0.129, which gives a possible trading interval of +/-$0.0092 (+/-7.68%) up or down from last closing price. If Theralase Technologies Inc. takes out the full calculated possible swing range there will be an estimated 15.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.119 (0.92%) than the resistance at $0.122 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Theralase Technologies Inc. stock A Buy?
Theralase Technologies Inc. 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.
Current score: -4.424 Sell Candidate Unchanged
Predicted Opening Price for Theralase Technologies Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $0.122 ( 1.96%) | $0.120 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLTFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.129 | 7.84 % | |
| R2 | 0.127 | 5.59 % | ||
| R1 | 0.125 | 4.21 % | ||
| Current price: | 0.120 | |||
| Support | S1 | 0.120 | -0.286 % | |
| S2 | 0.118 | -1.67 % | ||
| S3 | 0.115 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.148 | 23.44 % | |
| R2 | 0.124 | 3.33 % | ||
| R1 | 0.122 | 1.33 % | ||
| Current price | 0.120 | |||
| Support | S1 | 0.119 | -0.92% | |
| S2 | 0.117 | -2.42% | ||
| S3 | 0.115 | -4.09% |
FAQ
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